Covéa boosts UK presence with Sterling acquisition

French mutual insurance group Covéa has announced a deal to
acquire privately held Sterling Insurance Group from Nicholas
Cooper and his family.
Covéa said the deal to buy the £140mn gross written
premium (GWP) specialist composite insurer will take its annual UK
GWP to almost £600mn.
The mutual already has a presence in the UK market through its
broker Swinton and Covéa Insurance, a non-life insurer formed
through the 2012 merger of MMA Insurance and Provident Insurance