Prestige Insurance Group completes Autoline deal
29 March 2019
Prestige Insurance Holdings, the parent company of Abbey Insurance, which announced before Christmas that it had signed an agreement which would see Autoline Insurance join the Group, has now had the deal approved by the necessary regulatory authorities and completed the acquisition.
The newly expanded Group now employs over 700 staff and provides a wide range of insurance services including broking, underwriting, insurance software and claims management.
Trevor Shaw, CEO of Prestige Insurance Holdings said, “We have worked closely with the team in Autoline over recent months and we are very pleased that this has been completed smoothly and quickly.
“As a newly combined management team we are already working together to maximise the knowledge and experience of both companies for the benefit of our customers and the growth of our business in Northern Ireland and beyond.”
“Operationally, it will be business as usual for both our broking businesses, Abbey Insurance and Autoline. Customers of both businesses can be confident that their current insurance cover will not be affected by this move.”
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NOTES TO EDITORS
Prestige Insurance Holdings was established in Newtownabbey in 1973 and provides a wide range of insurance services including broking, underwriting, insurance software and claims management. Its broking business, Abbey Insurance Brokers has 23 branches province-wide, including a head office in Carrickfergus;
Autoline was established in Newry in 1975 and was acquired by Michael Blaney in 1997. The successful insurance broker provides a wide range of personal lines, business and commercial insurance and the award-winning Chilli Drive young driver app. Autoline has a network of 4 insurance broking branches and a head office in Newry.