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."
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
