JC Flowers buys major MGA UK General

Private equity house JC Flowers has agreed to acquire Primary
Group's personal lines managing general agency (MGA) UK General
Insurance after a sale process that lasted almost two years.
The business writes almost £400mn of premiums and is the
biggest UK-only MGA.
The terms of the deal were not disclosed.
JC Flowers is not acquiring the rural and commercial MGAs that
sit within the same structure, and which will remain with Primary
Group.
Both are understood to be for sale....