The general insurance arm of Medical Insurance Agency this week became the 24th company to succumb to the millions of acquisition-hungry intermediary Towergate.
MIA's non-life portfolio, which has operated for 93 years, handles around £17m in premium income with 27,000 customers. The acquisition takes Towergate's total premium income up to £170m and gives the group a workforce of 470.
Towergate's Peter Callum said: “MIA's general insurance marketing focus makes it an ideal member of the Towergate family and its call centre technology will provide a platform for future acquisitions and client communication.”
MIA's call centre, based in Stevenage, provides motor, home, surgery and locum insurance.
Towergate marketing director Paul Dyer said: “The MIA general insurance brand will be a key vehicle for the group to utilise its marketing and technology skills to confirm MIA general insurance's position as the leading provider of non-regulated insurance to insurance professionals.”
MIA will now focus on expanding MIA Financial Services, its company for IFA's.
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.
