HSB has announced its agreement to purchase the MD Group of companies including its managing general agent, MD Insurance Services Ltd.
In the deal, which is subject to regulatory approval, HSB will acquire the Birkenhead-based structural warranties specialist.
HSB has had a relationship with the MD Group since 2012, providing specialist machinery inherent defects insurance to its customers. In 2020, HSB extended its relationship further by becoming MD Group's primary insurance capacity provider for its inherent defects facility.
The acquisition is great news for HSB. The MD Group complements its insurance and reinsurance model by expanding its specialist . . .
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