Insurance Post
Insurance Post staff
Deal value: Undisclosed
Abacai Group, the insurtech recently formed by Mark Wilson and Sun Capital Partners, has announced the acquisition of
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Insurance Age
Subscriptions
Subscriptions Print this page
Abacai Group, launched last month by former Aviva CEO Mark Wilson and Sun Capital Partners, has confirmed it is set to buy motor provider Dayinsure in a deal backed by CVC Credit.
Dayinsure was founded in 2005, with Aviva as its sole underwriter, and specialises in temporary cover for cars, vans, motorhomes, learner drivers and business car insurance.
Abacai detailed that the business is also strong in IT and data analytics.
Dayinsure is the group’s first acquisition and Abacai explained it
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.