Carole Nash has announced that they have reached an agreement with Ageas Retail Limited to purchase their motorcycle insurance books.
Effective from June 1, the deal will see the motorbike books for Express, Kwik Fit Insurance and Green Insurance Company brands transfer to Carole Nash.
The move will result in the Manchester-based specialist insurance brokers Carole Nash taking on approximately 20,000 new policies, which will be managed by the existing Carole Nash team but remain under the Express Insurance Services brand name to ensure a seamless transition for customers.
David Newman, Carole Nash's CEO, commented: "This is a deal that we're certainly very pleased to have concluded. Yet another coup for our business, it's also a fresh statement of our intent to continue to lead the sector through growth in our specialist space and ongoing product innovation.
"Ageas places the customer at the heart of everything they do, and this very same philosophy is engrained in each and every Carole Nash colleague. Express bike policyholders can therefore rest in absolute confidence that their specific insurance needs will keep being met and that they will get the same first-class service with us as they are accustomed to. We look forward to helping them understand the benefits that being part of our family brings."
Ant Middle, CEO, Ageas Retail, said: "The decision to sell our bike book was not taken lightly, but reflects our desire to focus on our core brands and markets where we add value for our customers. Our priority is to ensure we continue to meet our customer needs with the best possible proposition for them. We’re confident that through Carole Nash, customers will benefit from their specialist expertise, giving them the peace of mind and protection they need.”