HFW advises Capita Commercial Insurance Services Ltd

Holman Fenwick Willan (HFW) Partner Ashwani Kochhar and Associate William Reddie have advised Capita Commercial Insurance Services Limited (Capita) on the purchase of a minority stake in managing general agent (MGA) Infinity Agency Limited, which specialises in high net worth motor insurance.

The investment is the latest step in Capita's strategy of building a portfolio of minority equity stakes in insurance intermediary businesses to which it also provides business outsourcing services.

HFW also advised Capita on its first investment in an MGA. In a deal that was widely publicised in 2013, Capita took a stake in Cobalt Insurance Holdings in order to finance the launch of Shariah-compliant MGA Cobalt Underwriting Services.

Global reinsurance intermediary Aon Benfield ReSolutions advised Infinity and acts as its broker. Infinity's capital is provided by Markerstudy, a specialist motor insurer.