Swinton deal bolsters its position as UK's largest high street broker
Swinton has cemented its position as the largest high street broker in the UK with the purchase of Equity Insurance Brokers. The deal was predicted by Insurance Age online.
The purchase of 91 branches for £50m is part of Insurance Australia Group's disposal of its "mass market distribution business", which includes the sale of Hastings and Advantage to the existing management.
Patrick Smith, the chief executive of Swinton, reassured the market that the deal would not result in any job losses.
"The
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Broker
Most read
- Aviva enters exclusive discussions to buy Azur’s HNW operation
- RSA re-jigs leadership team to bring customer operations and claims together
- Blog: Nine ways to reduce risk in tech firm contracts
- Michael Gove slams "neither fair nor decent" high premiums for leaseholders
- FCA speeds up permission removal process
- 2022 Empower Ethnic Minority Executives list names insurance stars
- Zurich to sell Russian business to local team and exit market