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Monmouthshire Building Society sells subsidiary to UK insurance broker

Newport, Wales-based Monmouthshire Building Society said April 1 that it soldunit Monmouthshire Insurance Services Ltd. to Thomas Carroll Group Ltd. thesame day.

Caerphilly, Wales-based Thomas Carroll Group is anindependent provider of commercial and personal insurance, financial planning,health, safety and employment law.

The sale by Monmouthshire Building Society followed astrategic review of operations and a decision to focus on growing its corebusiness.