NFU Mutual snaps up Channel Island broker
NFU Mutual has confirmed that subsidiary company, Islands Insurance, has acquired Reed Insurance Associates (Reeds) in the Channel Islands.
Reeds, a general insurance broker on the island for the past 20 years, made a decision to sell based on the retirement of its co-founder.
The acquisition will make Islands Insurance the second largest operator in the Channel Islands, both in terms of revenue and headcount. No redundancies will take place, with all Reeds staff transferring to Islands Insurance.
Doug Newlands from Islands Insurance, said: "This is a really positive step for Islands Insurance as it will help us to develop our
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