UK private equity firm Livingbridge has agreed to buy a majority stake in Chill Insurance, marking a second Irish deal by the London-based firm in a week. This includes its current investment in UK insurance broker Jensten Group and previous holding in Kingsbridge Risk Solutions, a specialist broker. The Sunday Times reported last month that Livingbridge was circling Chill Insurance. It is understood that Chill Insurance is in talks on two potential deals, with one said to be at an advanced stage. Chill Insurance was founded in 2006 by the Lynches, and has subsequently grown into the largest independent personal lines insurance broker in Ireland with over 200,000 policyholders, representing a 6 per cent market share.

Source: The Irish Times June 17, 2020 09:45 UTC