Budget to merge with Arnott-Century in pursuit of profit.
Continuing the consolidation in the intermediary market, Budget Insurance Services is set to merge w...
Continuing the consolidation in the intermediary market, BudgetInsurance Services is set to merge with Arnott-Century. Both companies are
owned by South African operation Capricorn.
The deal is still conditional but is likely to be completed by the
autumn.
It will create a company worth £150m in gross written premium. The
combined organisation will have 430,000 motor and household policies and
will incorporate a telebroking operation and 80 high-street branches.
Peter Winslow will be managing
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 info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk 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 info@insuranceage.co.uk
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 info@insuranceage.co.uk
Most read
- Brokers push for more from RSA/NIG
- Acrisure expands in southern England with two buys
- Biba Conference 2024 countdown: RSA’s Steve Scott