Motor insurer Highway's retail

Motor insurer Highway's retail division has entered the UK top 12 general insurance intermediaries f...

Motor insurer Highway's retail division has entered the UK top 12 general insurance intermediaries following the acquisition of MRB Insurance Brokers, which trades as 1st Quote. The acquisition brings a further 60,000 policies to Highway Retail, bringing the total number of policies handled to over 170,000. Romford-based MRB was purchased for a total of £6.6m plus further performance related payments.

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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