Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Travelers acquires small-business insurer in UK

Reprints
Travelers acquires small-business insurer in UK

Travelers Cos. Inc. on Monday said it has agreed to acquire Simply Business from Aquiline Capital Partners L.L.C. for $490 million.

The deal includes the repayment of debt and other obligations at closing, Travelers said in a statement.
 
London-based Simply Business is distributor of small-business insurance policies in the U.K., offering products online on behalf of the insurers.

Insurance premiums placed by Simply Business over the past three years grew at a compound annual rate of $113 million in 2016, according to Travelers.

 

Read Next

  • Runoff specialist acquires captive insurer

    R&Q Insurance (Malta) Ltd. on Thursday said it has acquired the captive insurer of Swiss specialty chemical company Clariant A.G. as it continues to capitalize on Solvency II-related business opportunities.