HSB buys structural warranties specialist
HSB has revealed that the acquisition of MD Group and its MGA, MD Insurance Services, will expand its core insurance offering.
HSB announced it is set to acquire the MD Group of companies, including its managing general agent, MD Insurance Services.
The deal, which is subject to regulatory approval, will see HSB purchase the structural warranties specialist, along with the Guarantee and LABC Warranty brands.
HSB UK has said the acquisition is in line with its growth ambitions by adding a complementary insurance specialist to its growing business.
Stephen Worrall, managing director of HSB, commented: “I’m really
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