Primary Group appoints advisors for possible £1bn QMetric sale – report
Primary Group has taken on Perella Weinberg Partners to explore a potential £1bn sale of Policy Expert’s parent company QMetric, Bloomberg has reported.
According to the article, Primary Group may start inviting bids for the insurtech later this year with private equity houses having expressed an interest.
A spokesperson for QMetric declined to comment when approached by Insurance Age.
Home and motor specialist Policy Expert revealed a six-year capacity deal with R&Q subsidiary Accredited Insurance last month in move that will replace its existing arrangement with QIC Europe when the current contract expires.
Policy Expert wrote its first
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