Budget to merge with Arnott-Century in pursuit of profit.
Continuing the consolidation in the intermediary market, Budget Insurance Services is set to merge w...
Continuing the consolidation in the intermediary market, BudgetInsurance Services is set to merge with Arnott-Century. Both companies are
owned by South African operation Capricorn.
The deal is still conditional but is likely to be completed by the
autumn.
It will create a company worth £150m in gross written premium. The
combined organisation will have 430,000 motor and household policies and
will incorporate a telebroking operation and 80 high-street branches.
Peter Winslow will be managing
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