Abbey owners Prestige buy Autoline
Two major players in the Northern Ireland market come together.
Prestige Insurance Holdings has agreed to buy Autoline Insurance for an undisclosed sum.
Earlier this year US-based private equity firm Capital Z took a 65% stake in Prestige, the owner of Carrickfergus-headquartered Abbey Insurance.
Following on from this Prestige has now, subject to regulatory approval, snapped up all of Newry-headquartered Autoline.
Both businesses offer a range of personal lines, business and commercial insurance.
Jobs
The expanded group will boast over 700 staff and 28
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