Birmingham-based insurance firm Express Insurance Services has been taken over by a larger rival as part of the purchase of parent firm Kwik-Fit Insurance Services.
Fortis has completed the undisclosed takeover of the company after approval was given by the Financial Services Authority.
The new owner said that Express Insurance Services offices in Hamstead, where about 200 people work, would continue to oversee the work.
The deal will add another 600,000 customers to Fortis’ existing seven million customer base in the UK and will mean the firm employs around 4,000 people in the UK.
On completion of the transaction, Kwik-Fit Insurance Services will remain a separate business, becoming a subsidiary company of Fortis UK with its existing management continuing to run the business.
Barry Smith, chief executive of Fortis UK, said: “Kwik-Fit Insurance is a great business and adds a powerful brand to our portfolio.
“There is a fantastic fit between Kwik-Fit and Fortis in providing excellent customer service, which will continue to be delivered by the highly skilled employees based in the Hamstead office.”
Brendan Devine, managing director of Kwik-Fit Insurance Services said: “Becoming a subsidiary of Fortis presents an exciting opportunity for Kwik-Fit Insurance Services.
“With their support we can maintain the growth of our business, ensure our customers continue to receive an excellent service and provide our people with further opportunities for career development. We’re looking forward to a mutually successful future.”