Highway boosts retail division with acquisitions
Highway has strengthened its retail division by acquiring telebroker Direct Motorline. DM employs 70...
Highway has strengthened its retail division by acquiring telebroker Direct Motorline. DM employs 70 staff and handles more than 33,000 private-car and commercial-vehicle motor policies generating brokerage income of £3.7m from gross written premiums in excess of £13m. It will continue to operate as Direct Motorline and is expected to make a profit of around £500,000 in 2005. Neil Hames, director of DM, will head up the operation.
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