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Right Choice Holdings has acquired Moorhouse Group, an insurance broker focused on the UK’s SME market, for an undisclosed sum.
Based in Caerphilly, the acquired firm distributes insurance solutions to commercial customers digitally under the Constuctaquote.com brand and by wholesaling via regulated insurance brokers and in person.
Right Choice Holdings expects that the acquisition to enable it offer specialty insurance solution and further its growth strategy.
Founded in 1990, Moorhouse Group, will become a part of Bennetts Motorcycling Services (Bennetts) and Right Choice Insurance Brokers (RCIB) under the Right Choice Holdings umbrella.
Upon the completion of the deal, Linda Haggett will become managing director and Lyndon Wood, founder and CEO of Moorhouse Group, will transition to a strategic consulting role.
Following this acquisition, Right Choice Holdings will have offices in Coventry, Peterborough, Romford, Redditch and Caerphilly.
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By GlobalDataRight Choice Holdings CEO Mike Joseph said: “The Moorhouse Group is well known and respected in the commercial insurance marketplace and the contractaquote.com brand gives us huge opportunities to grow and develop online distribution for SME customers.”
Lyndon Wood said: “We are 31 years old and have been at the forefront of technology in insurance for over two decades, with several global firsts. Selecting Right Choice Holdings as the acquirer was an easy decision. We wanted to exit to a company with strong customer and employee values, who had a clear sense of direction, supported with an experienced top team.”