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UK insurance agency to acquire peer's general insurance assets

U.K.-based Adler Insurance Group will acquire the general insurance assets of fellow broker Corrigans for an undisclosed sum, subject to regulatory approval, Insurance Age reported.

Corrigans, also based in the U.K., offers vehicle, home and business insurance. Adler Insurance Group is an insurance broker specializing in property, construction risks and business insurance.

The deal is expected to go through June 1. Corrigans' insurance business will continue to operate from its current location in Coventry, and there will be no changes to the staff. The acquisition will also not affect the operations of Corrigans' financial services business as it is not part of the deal.