Prestige Insurance Holdings has announced the acquisition of Find Insurance NI, a locally-owned insurance brokerage based in Derry-Londonderry.

The group says the move is part of a growth strategy to expand its reach in the Northern Ireland marketplace, adding that it also strengthens the company’s position as the Northern Ireland’s largest insurance group, delivering specialist products and services in broking, underwriting and insurtech across the UK and the Republic of Ireland.

With more than 50 years of experience in the Northern Ireland market, Find Insurance NI is commercial and personal insurance brokerage. The business commenced trading in 1972 as WG O’Kane Insurance and was acquired by Seamus and Elizabeth Mullan in 1977 when it became Find Insurance NI.

The latest acquisition brings both AbbeyAutoline and Find Insurance NI under the broking umbrella of Prestige Insurance Holdings.

Trevor Shaw, CEO of Prestige Insurance Holdings, said: “The acquisition of Find Insurance NI is a pivotal step in our ambitious expansion strategy, and we’re excited to welcome the locally owned brokerage and its dedicated team of staff into the Prestige Insurance Holdings’ family.”

“We believe that Find Insurance NI's outstanding reputation for offering excellent advice to a loyal customer base make them an ideal addition to our portfolio of brands, and as the leading force in the Northern Ireland insurance marketplace, we’re excited about the opportunities this partnership will bring.”

Colin Mullan, managing director at Find Insurance NI, added: “We are thrilled to join forces with Prestige Insurance Holdings and become a part of their prestigious group of brands. This acquisition is a testament to our commitment to providing exceptional insurance services across the region.”