Lloyds TSB Group has bought the general insurance business of Pearl Group.
The gross assets of the business acquired total less than £60m.
The acquisition provides Lloyds TSB Insurance the rights to renew Pearl's general insurance portfolio.
Lloyds TSB will also have the right to market a range of general insurance products under the Pearl brand across the UK.
Phil Loney, managing director, Lloyds TSB Insurance said: "The corporate partnership market provides considerable opportunities within the general insurance arena and will support Lloyds TSB Insurance in the delivery of profitable sales growth through access to a wider customer base.
"With a strong track record in enhancing its manufacturing capabilities, Lloyds TSB Insurance is also well placed to maximise efficiencies from the combined operations."
