Equity Red Star snaps up SEIB's motor accounts
Equity Red Star has snapped up South Essex Insurance Broker's (SEIB) motor accounts following Ecclesiastical Insurance's decision to withdraw from the UK broker motor market.
Insurance Age can reveal that the specialist motor insurer has taken on three accounts, consisting of funeral directors, rural taxi and chauffeur policies.
It comes just days after Ecclesiastical stunned the market by confirming its pullback - which will take effect in early 2013 - following a strategic review of its UK motor business.
Speaking to Insurance Age, SEIB deputy chairman Barry Fehler, confirmed that talks had begun about transferring its motor business from Ecclesiastical to Equity
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