Liberty Mutual buys Hughes Insurance
Insurer Liberty Mutual has bought Hughes Insurance, a Northern Ireland wide insurance provider.
The deal which is expected to close in July 2015will also see Liberty become the lead underwriter of Hughes Insurance in Northern Ireland.
Hughes Insurance has around 300 staff spread across its headquarters in Newtownards, Co Down and 11 branches.
It distributes 1 in 5 motor insurance policies sold in the North and has a growing SME commercial insurance book, according to Liberty.
Boston based Liberty Mutual controls the former Quinn Insurance Limited business and has more than 1,000 staff in Ireland at sites in Cavan ,Dublin, Enniskillen and Belfast.