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Browne Jacobson advises founders on disposal of stake in Insure The Box

14 January 2015

Browne Jacobson has advised the founders of Insure The Box, the leading telematics motor insurance provider founded by Mike Brockman, on the disposal of part of their shareholding to Aioi Nissay Dowa Insurance Japan.

The deal sees Aioi, through its European subsidiary, Aioi Nissay Dowa Insurance Company of Europe Ltd, acquire 75 of Gibraltar based Box Innovation Group Limited (BIGL), the holding company of the Insure The Box group, for £105,000,000. Catlin, the specialist property and casualty insurer and reinsurer with 50 offices in 25 countries, is selling its entire shareholding in BIGL as part of the deal, having first invested in BIGL in 2010 to coincide with the launch of the business.

Aioi Nissay Dowa Insurance Europe (ANDIE) was established in 2010, following the merger of Aioi and Nissay Dowa. It is member of the MS&AD Insurance Group, Asias largest insurer, which also owns Mitsui Sumitomo, the strategic partner of Toyota Motor Corporation.

Browne Jacobsons team comprised Kevin Jones (Birmingham), Andrew Noble (Birmingham), Christina OBrien (Nottingham) and Vicky Gaskell (Nottingham).

Andy Haynes, Joint CEO of Insure The Box, said:

"Kevin Jones and the Browne Jacobson team demonstrated throughout the transaction the skill, knowledge, technical expertise and diligence we have come to expect from them. They have made it their business to understand us and our business, to the point where we work together in a highly effective manner making these transactions easier to manage and quicker to complete."

Corporate Finance Partner Kevin Jones added:

"This deal marks an exciting new chapter for Insure The Box, which has developed a leading position in this rapidly growing sector since its launch in 2010. With the financial and technical backing of Asias largest insurer, they are ideally placed to meet their long term growth potential both in the UK and overseas."


16 April 2020

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A personal injury claimant who alleged he could not work for over a year and needed months of medical care and assistance is facing a legal bill of over £18,000 after being found to be fundamentally dishonest following an investigation.

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14 February 2020

Man who grossly exaggerated injuries to claim Walsall Council cash sentenced for dishonesty in contempt proceedings

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Lakhbir Rakar

Lakhbir Rakar

PR Manager