Heritage Group has acquired Risk Management Limited (RML) from the NFU Mutual to ascertain its prominent position as an independent provider of captive insurance in its Guernsey base.
Chief executive officer of Heritage Group Martin Belcher commented that the company had always planned to expand thorugh acquisition.
He said: "As the only other significant independent, RML offered the perfect opportunity to consolidate our position in Guernsey."
Managing director of RML Kevin Rye added that the company had retained all of its clients during the acquisition.
