Duke Street Capital and Englefield Capital, two London-based private equity groups, have made a recommended cash offer for Cox Insurance in a deal valued at £298m (€436.9m). It is the largest ever public-to-private deal in the UK insurance sector.

The board of Cox, advised by HSBC, has recommended today's 92p per share cash offer, plus a 2p special dividend to shareholders.

Cox Insurance to go private in £298m deal

Andrew Dewson

Goldman Sachs

HSBC

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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Tricks of the trade gain new importance as 401(k) accounts open up to alternative investments.

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Trump Calls on Goldman to Replace Economist Over Tariff Stance

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The U.K. central bank lowered its key rate for the fifth time in a year as it seeks to balance a pickup in inflation against a cooling jobs market.

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The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

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