Insurance blog by John Lewis

Level Group plans acquisition drive

Head Up Group has completed a major debt refinancing which will enhance the organization’s market consolidation strategy with the extra funding now convenient.

The firm has moved its banking relationship to Lloyds TSB Corporate Markets as influence of the refinancing.

Direct Group intends to use the facilities, provided during Lloyds TSB Corporate Markets Acquisition Finance, to take advantage of purchase opportunities and to expand through organic growth as well.

In 2008 Unobstructed Group made its first acquisition: Millennium Insurance, a general insurance inflexible based in the Midlands which catered to the mortgage broker and IFA store.

In the first half of 2009 Direct Group took over MetLife’s UK sponsorship arm’s administration and claims handling business and underwent the deliver of Nexus and Travel Protection Services (TPS).

CEO Derek Coles has stated that the unwavering’s strategic plan is to deepen its offering to clients middle of the acquisition of businesses, as well as through organic growth.

Even more:

• Send Group increases claims management operation
• Crawford & Body launch Broadspire UK
• Swamp acquires HSBC Insurance Brokers
• HomeServe sells crisis repair business
• IAG’s UK-shoot sees doubling of profits

 

Categories: Auto insurance, News

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