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British car insurer Sabre seeks $280 mln listing in London
November 13, 2017 / 7:15 AM / 7 days ago

British car insurer Sabre seeks $280 mln listing in London

LONDON, Nov 13 (Reuters) - British car insurance underwriter Sabre will seek to raise around 213 million pounds ($279.22 million) in an initial public offering on the London Stock Exchange in December, the company said on Monday.

Founded in 1982, the insurer generated gross written premiums of 197 million pounds in 2016 and said it intends to maintain its focus on the UK private motor insurance market.

$1 = 0.7628 pounds Reporting by Lawrence White, editing by Louise Heavens

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