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SEIB buys Greenwood Moreland Insurance coverage Brokers’ equine ebook

SEIB buys Greenwood Moreland Insurance coverage Brokers’ equine ebook

Ebook was bought to construct on present foundations and to ship a better degree of experience.

SEIB Insurance coverage Brokers has purchased Greenwood Moreland Insurance coverage Brokers’ equine ebook of enterprise for an undisclosed quantity.

Insurance coverage Age revealed earlier this yr that SEIB was open to alternatives for purchasing books of enterprise or entire companies.

SEIB chief government officer Barry Fehler stated he was delighted to have bought Equestrian World Insurance coverage Providers (EWIS) from the Scotland-based dealer.

Equine e-book
EWIS is a supplier of equestrian insurance coverage merchandise within the UK together with cowl for horses, horseboxes, horse trailers and horsebox roadside help.

Fehler continued: “The power of our group of employees at SEIB signifies that we’re properly positioned to buy new enterprise and supply a seamless, high-quality service to our ever-increasing variety of clients.

“Our long-term funding in our workforce ensures that we’re capable of supply distinctive and full customer support from insurance coverage quotations proper by way of to the work of our skilful claims group.”

SEIB has over 50 years’ expertise within the equestrian sector.

Andrew Weir, managing director at Greenwood Moreland, commented: “Following profitable years of constructing the EWIS model, we determined that one of the best path ahead for our clients, employees and shareholders was to promote to SEIB.

“We chosen SEIB as they’re a market main supplier who can construct on the strong foundations of EWIS to ship a good larger degree of experience, service and option to our clients for a few years to return.

In its most up-to-date set of outcomes revealed in April SEIB reported a three% rise in income to £9.17m for 2017 and revenue after tax which went up by 6% to £2.01m.

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