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14 July, 2006 - 16:04 By Staff Reporter

Fenland sells business to Equity

In an undisclosed value deal, King’s Lynn broker, Fenland Insurance has sold its book of general business to Equity Group – one of the country’s largest motor and home insurance companies

In an undisclosed value deal, King’s Lynn broker, Fenland Insurance has sold its book of general business to Equity Group – one of the country’s largest motor and home insurance companies.

Founded in 1963, Fenland is managed by co-owners Patrick Houghton and Shirley Lloyd. They and six further members of staff will continue to trade from their Railway Street premises, which will be re-branded as Equity Insurance Brokers.

Patrick Houghton said: “The support from Equity will allow this business to grow far more rapidly than Shirley and I originally predicted when we took first took it over.

“It will also ensure, particularly in an increasingly competitive market, that we can maintain the quality service our personal lines and commercial clients have come to expect from us.”

Equity Insurance Group is based in Brentwood. Its national network comprises more than 60 branches, four regional offices and two customer contact centres.

Mark Woods, Equity’s operations director said: “We’re actively seeking similar opportunities throughout East Anglia.”

 

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