Don’t bet against the ABS

Parabis went from zero to being a £100m turnover firm in less than a decade. There’s no sign that its growth and ambition are stopping. This year Duke Street took a stake in the volume insurance player, and Parabis has just applied for an ABS licence to go into partnership with Direct Line. It seems that nothing less than UK domination will do.

Direct Line applies for ABS licence to launch Parabis partnership

Private equity house takes stake in insurance firm Parabis

UK200: Commoditisation and consolidation

Analysis on Parabis: Opening Gambit

The Lawyer UK 200 preview: Insurance: Upstarts force pace of change