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Mergers & acquisitions (M&A)

Towergate completes NPIB purchase

Towergate Insurance has completed the acquisition of the business and assets of Norwich and Peterborough Insurance Brokers (NPIB), the non-life insurance broking operation of the Norwich and Peterborough Building Society.

Besso poised for buying spree

Besso Insurance Group has set its sights on pursuing acquisitions and expanding into new markets after having secured £5m additional investment capital from shareholders.

Nexus buys CIFS

Nexus Underwriting Management has bought Credit Indemnity and Financial Services (CIFS) from Novae Syndicates for an undisclosed sum.

Integro appoints ex-Towergate chief

Integro Insurance Brokers has appointed Martin Wright, former managing director (MD) of Towergate Specialist Markets, as MD of its UK retail operations, sister title Post has reported.

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