Chill Insurance has reportedly caught the eye of several private equity (PE) investors, with the race being led by London-headquartered mid-market PE firm Livingbridge.
The latter has emerged as the top contender for an investment in the Irish online insurance broker, according to sources cited by The Sunday Times. The Dublin-based intermediary is looking to grow further after snapping up Aaran Insurances last year, and PE backing is among the likely routes to take.
With Chill Insurance soon to wrap up its strategic review with the help of investment bank KBW (Keefe, Bruyette & Woods), the publication said the broker’s choice of expansion funding is slated to be revealed in the coming weeks.
Aside from PE investment, other potential financing options supposedly include a trade sale.
A Brokers Ireland member, Chill Insurance works with 14 different insurance companies to provide customers the right policy at the best price. It offers motor, home, business, travel, and van insurance, as well as life coverage.
