Mike Smith says MMA will be "a force to be reckoned with"
Former Provident Insurance director Mike Smith has reacted to the news that the specialist motor insurer has been sold to Covea Group-owned insurer MMA.
Mr Smith said: "The recent acquisition by MMA is an excellent next step for both companies in their evolution - especially as MMA's retail arm Swinton remains one of Provident's largest accounts.
"The three parties together will be a force to be reckoned with in the continually evolving personal lines market. I wish them every success for the future."
He added that Provident was a great business with skilled individuals who have consistently outperformed their peer group and that he thoroughly
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