Kingfisher expands classic vehicle market presence with acquisition

Broker Kingfisher has acquired Lynbrook Insurance Services to expand its presence in the classic vehicle market.

Lynbrook was formed in 1972 and has specialised in classic vehicle insurance since the 1990s.

It offers cover for both cars and motorcycles aged 15 years and older.

The deal will see Lynbrook operate alongside Kingfisher’s core classic vehicle brand Peter James Insurance.

James Stuart, managing director of Kingfisher, said: “The classic vehicle market is a key area of investment and growth for us and our decision to acquire the Lynbrook business reaffirms our commitment to this highly specialist market.”

Customers

Kingfisher added that the acquisition formed part of its strategy “to grow both organically and through the acquisition of high-quality businesses delivering specialist products to niche markets”.

In addition to the classic car market, the broker also caters to the motorsport, home, commercial, private client and motor trade sectors.

The latest deal will see Lynbrook customers gain access to products and brands across the Kingfisher range.

Garry Carlin, head of classic at Kingfisher, said: “We would like to welcome Lynbrook customers onboard and look forward to continuing to deliver the same level of excellent service that they have come to expect.

“The team at Lynbrook has genuine passion and enthusiasm for classic vehicles – values that are reflected in the wider Kingfisher classic vehicle team.”