In May 2012, IAG announced a strategic review of its UK operations, selling Barnett & Barnett and the NBJ Broking arm. In April 2013 US Private Equity company Aquiline purchased Equity Insurance Group from IAG for £80 million. This prompted a transformation programme which led to the sale of EDBL and its personal accident and household books to Canopius. In April 2014, Equity Insurance Group rebranded to ERS and became a "motor only, broker only" insurer. It now operates solely as an A+ rated Lloyd's syndicate 218.