Aegon UK has taken a 9.9 per cent stake in Midlands-based Personal Touch Insurance for an undisclosed fee. Personal Touch specialises in individual protection and has 42 offices across the UK and 100 support staff based at its Head Office in Solihull.
In 2001 the company's turnover was £6 million which Aegon expects to rise to £22 million in 2002. The firm has 24 RIs and a direct Sales force of 2000 self-employed Personal Touch agents.
Aegon UK group chief executive David Henderson says: “This deal is in line with our distribution strategy of investing in high quality, key distribution companies and developing closer working relationships with partners who are already strong in specific market.”