Covéa gearing up to sell Swinton

French mutual insurer Covéa is preparing to divest UK
personal lines and commercial motor broker Swinton, The
Insurance Insider can reveal.
It is understood that Covéa has been holding discussions
with investment banks ahead of running a process, with one source
suggesting that Rothschild had already been handed the mandate.
Swinton, which employs more than 3,000 people across more than
300 locations in the UK, had revenues of £265mn ($349mn) in
calendar-year 2015, the last y