Chill and Livingbridge both declined to confirm the size of the stake being acquired or its cash price. Stock photo: DepositphotosChill Insurance has sold a majority stake to UK private equity firm Livingbridge as the online brokerage seeks to fund acquisitions and build product range and market share. Chill and Livingbridge both declined to confirm the size of the stake being acquired or its cash price. The source declined to specify how much Livingbridge paid or the exact size of its holding following yesterday’s completion of the deal. Chill offers “whole-of-market choice through a panel of 14 major insurance carriers at competitive prices direct to its customers”, the UK firm said.

Source: Irish Independent June 17, 2020 11:26 UTC