Staff are moving to Citynet as part of the deal

Citynet Insurance Brokers has acquired the London market wholesale business of Wrightsure Insurance Group.

Wholesale specialist Citynet has picked up both the motor and non-motor books of business from Wrightsure.

Wrightsure wholesale director Lawrence Shortland has joined Citynet in the deal, alongside his colleagues Richard Stiling and Hugh Cleland.

Ron Powell, chairman of Wrightsure, said: “We are pleased to have found a good home for our successful London wholesale division and I am sure Citynet will be able to service our agents well and develop the business further.

“This move allows Wrightsure to focus on and develop its core business from its regional retail offices.”

Andrew Walsh, managing director at Citynet added: “Wrightsure is well respected as a London market broker both for motor and non-motor business, and our acquisition of their wholesale business is an excellent move for us and further enables Citynet to reaffirm its position as a leading Lloyd’s and London market wholesale broker”.