A-Plan agrees Endsleigh deal
A-Plan Holdings has agreed to buy Endsleigh from Zurich subject to regulatory approval.
In a statement, A-Plan said that Endsleigh would continue to operate as a separate entity with its existing management team in place.
Jeff Brinley, CEO of Endsleigh said, ‘This is a really exciting time for us and we’re delighted to be joining such a respected organisation as A-Plan, who continue to deliver impressive results in a challenging market.
‘Our customers, our people, NUS, insurer partners and other partners we work with can be confident that we remain committed to our transformation programme, to looking after our customers and delivering growth in our core markets.’
According to Insurance Age, the deal marks another significant development for the personal lines broker market and follows MS Amlin selling its own stake in broker Miles Smith to private equity. In 2016 Axa also sold broker Bluefin to Marsh.