Lloyds TSB Insurance makes business acquisition
www.moneynews.co.uk > Insurance > Lloyds TSB Insurance makes business acquisition
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Lloyds TSB Insurance makes business acquisition
Thu 27th Jul 2006
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Under the terms of the deal, Lloyds TSB will market a range of general insurance products with Pearl branding and the company will have the rights to renew Pearl's general insurance portfolio.
Lloyds TSB feels itself to be in a strong position to make the most of the acquisition which will give the company greater access to a wider customer base.
Jonathan Moss, managing director of Pearl, commented: "We are convinced that this partnership will deliver value to both our policyholders and shareholders."
"The transaction demonstrates Pearl's continued commitment to provide a comprehensive general insurance product range to our customers," he added.
Founded in 1864, the Pearl Group provides life assurance policies as well as car and home insurance products.
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Related News : LloydsTSB |
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