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Daily Insurance Industry News
Saturday 26th of July 2014
March 11, 2008

Equity group acquires Holsworthy

by Gill Montia

Story link: Equity group acquires Holsworthy

Equity Insurance Group has acquired Holsworthy Insurance Services, for undisclosed terms. The move will increase Equity’s UK branch network to 84.

Holsworthy, which is based in Devon, was established in the late 1980s by its previous owner, Ian Parker. Both he and other members of staff will remain with the business following completion of the transaction.

The broker has a strong presence among local farmers and will continue to develop its personal lines and commercial accounts; joining the Equity Group will provide it with access to a wider range of products and markets.

Mike Hutton, Equity’s acquisition director says: “The Holsworthy purchase further strengthens Equity’s growing position as a serious contender in the south west broking arena.”

The Equity group comprises two specialist divisions: Equity Red Star, the UK’s 5th largest motor insurer and Equity Insurance Brokers, the UK’s 7th largest personal lines broker.

The group has plans to continue to expand through both acquisition and organic growth.

 

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