Towergate completes NPIB purchase
Towergate Insurance has completed the acquisition of the business and assets of Norwich and Peterborough Insurance Brokers (NPIB), the non-life insurance broking operation of the Norwich and Peterborough Building Society.
The deal, first revealed in September, is the 25th purchase by Towergate Group this year and follows less than a week after the consolidator bought Belfast-based Dawson Whyte.
NPIB was established in 1996 when the building society bought Halstead Insurance Brokers which was then merged with Norwich and Peterborough General Insurance Services.
NPIB employs around 60 people, all of whom will transfer to Towergate Insurance.
The broking giant confirmed that, as part of the agreement, those teams
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