Prestige Insurance has completed the acquisition of Autoline Insurance after receiving approval from the regulatory authorities.
The merged entity employs a total 700 people and offers services such as underwriting, broking, software for insurance and claims management.
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Autoline has a network of four insurance broking branches and a head office in Newry.
Prestige Insurance’s broking business, Abbey Insurance Brokers has 23 branches, including a head office in Carrickfergus.
Prestige Insurance CEO Trevor Shaw said: “We have worked closely with the team in Autoline over recent months and we are very pleased that this has been completed smoothly and quickly.
“As a newly combined management team we are already working together to maximise the knowledge and experience of both companies for the benefit of our customers and the growth of our business in Northern Ireland and beyond.”
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By GlobalData“Operationally, it will be business as usual for both our broking businesses, Abbey Insurance and Autoline. Customers of both businesses can be confident that their current insurance cover will not be affected by this move.”
