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Daily Insurance Industry News
Tuesday 16th of October 2018
August 20, 2007

Link and Zenith to merge

by Gill Montia

Story link: Link and Zenith to merge

Link is to merge with Zenith. Both insurers are owned by GHL Europe, the holding company for the European businesses of Guardian Holdings, a Caribbean-based financial services group.

The merged companies will be based in Gibraltar and subject to the approval of the Gibraltar financial regulator (which should be obtained by the end of 2007), the insurance business of Link Insurance Company will be transferred to Zenith Insurance.

Link currently operates as a managing general agent in the UK domestic motor, household and accident and health markets, serving over 1,700 brokers and binder accounts, with an estimated premium income for 2005 of £102 million.

Zenith can trace its origins back to 1937 and provides personal lines insurance through the UK intermediary market.

GHL Europe offers integrated financial services in life and health insurance, property and casualty insurance, pensions and asset management.

The group is currently consolidating its European operations, having rebranded its UK service business as GHL Insurance Services UK, earlier this year. The merger of Link and Zenith forms part of this consolidation strategy.

 

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