Japanese insurer completes Insure The Box-owner buyout
Provider bought three quarters of the business in 2014.
Aioi Nissay Dowa Insurance Europe (ANDIE) has completed the buyout of Box Innovation Group which includes the brands Insure The Box and Drive Like A Girl.
The insurer, part of the MS&AD Group which is headquartered in Tokyo, previously bought 75.01% of the business in December 2014 for £105m.
At that time the remaining 24.99% of shares were kept by the management.
The provider did not release a figure for the cost of the latest deal however stated that it intends to integrate Box Innovation
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