InsurTech Futures: SPB UK acquires Loyal Insurance and Square Pound

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SPB UK, a subsidiary of affinity brand SPG Group, has bought brokers Loyal Insurance Services and Square Pound for an undisclosed sum.

Owners of the brands Insurance2Go and Better Buy Insurance respectively, Loyal Insurance Services and Square Pound are providers of online insurance. Both brands focus on mobile phone and gadget cover.

The SPG Group stated that the acquisitions should help it to grow and enable it to strengthen their digital marketing profile.

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