Management to buy out Direct Life and LifeQuote from Cardif Pinnacle

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Management to buy out Direct Life and LifeQuote from Cardif Pinnacle

Direct Life, which owns LifeQuote, is being purchased from Cardif Pinnacle Insurance Holdings Ltd, by its managing director Rob Quayle and sales and marketing director Neil McCarthy.

The FCA has already approved the change in control, and completion is expected at the end of October. Direct Life employs over 90 people in Chichester and provides a whole of market protection portal, and a fully outsourced case management service for advisers. The management buyout allows the company to build on its existing business in addition to creating new technology applications for the adviser market. Rob Quayle, managing director, Direct Life [pictured], said: "Cardif Pinnacle has...

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