News review: April 2010
Capita Insurance Services set its sights on becoming the largest niche motor broker in the UK, according to the managing director of its most recent acquisition Sureterm Direct.
The move followed Capita's acquisition of personal lines motor broker Hero from LV in March 2009. The Huntingdon-based classic car and motor home insurer will merge with Lancaster Insurance Services, the business bought by Capita in March 2008, situated 10 miles away in St Ives, Cambridgeshire. Sureterm's Andy Wood will remain as MD of the merged business, and said job losses and changes to senior management were "highly unlikely" as a result of the deal. Mr Wood added that the buy signalled
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