Sunday January 19, 2020

Blue insurance buyer reaps dividends of €6m

The new owners of Blue Insurance have begun to recoup some of their €70 million takeover of the fast-growing company, extracting a dividend of €6 million earlier this year

Ian Guider

Markets Editor

@ianguider
11th August, 2019
Blue Insurance founder Ciaran Mulligan

The new owners of Blue Insurance have begun to recoup some of their €70 million takeover of the fast-growing company, extracting a dividend of €6 million earlier this year.

New accounts just filed for Blue Insurance, which was bought by a subsidiary of financial services giant Zurich last year, show the €6 million payment was proposed by the company’s board in February and that a further payment of €2.5 million is now on the cards....

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