Prestige Insurance Holdings has acquired the Find Insurance NI brokerage in Derry in a move which strengthens its position as the north’s largest insurance group.
Established in 1972, Find is known for its commercial insurance expertise, as well as offering a wide range of personal insurance products.
The business commenced trading as WG O’Kane Insurance and was acquired by Seamus and Elizabeth Mullan in 1977 and became Find Insurance NI. It currently employs 29 full and part-time staff.
The acquisition brings both AbbeyAutoline and Find Insurance NI under the broking umbrella of Prestige Insurance Holdings.
Trevor Shaw, chief executive at Prestige, said: “The acquisition of Find Insurance NI is a pivotal step in our ambitious expansion strategy, and we’re excited to welcome the locally owned brokerage and its dedicated team of staff into the Prestige family.
“We believe Find Insurance’s outstanding reputation for offering excellent advice to a loyal customer base makes it an ideal addition to our portfolio of brands, and as the leading force in the Northern Ireland insurance marketplace, we’re excited about the opportunities this partnership will bring.
“As we continue to grow and diversify our portfolio, we remain dedicated to enhancing our expertise and extending our service offering, ensuring that we can meet the evolving needs of our clients, and this acquisition aligns seamlessly with that vision.”
Find Insurance NI’s team of dedicated staff will continue to work from its existing branch in Derry with no disruption in services or changes to customers’ existing insurance policies.
Colin Mullan, managing director at Find Insurance NI, said: “We’re thrilled to join forces with Prestige Insurance Holdings and become a part of their prestigious group of brands. The acquisition is a testament to our commitment to providing exceptional insurance services across the region.”
Karen McQuillan, finance and operations director at Find, added “While we embrace this exciting new chapter, we remain steadfast in our dedication to delivering the same high-quality service our customers have come to expect for more than 50 years.”
Prestige Insurance Holdings was established in Newtownabbey in 1973 and in 2018 it secured the backing of New York-based investors Capital Z Partners, propelling its growth commitment.