Insurers alter consolidation climate in Northern Ireland
The growing consolidation of the Northern Irish market is being bankrolled by insurers, according to...
The growing consolidation of the Northern Irish market is being bankrolled by insurers, according to industry insiders.
Activity from Equity, Oval and TEn Insurance, in addition to interest from Towergate, Giles and The Broker Network (TBN), has prompted speculation that the province is poised to follow the UK mainland down the route of wholesale consolidation. However, insiders insist that local acquisitions have spurred recent developments.
One market source indicated that much of the local
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