The Newtownards firm was established in 1977 and employs around 250 people
Hughes Insurance is being taken over by the Kent-based Markerstudy group whose brands include Budget Insurance and Swinton.
Hughes, which was established in Newtownards in 1977, has been owned by the US firm Liberty Mutual since 2014. Last year, Liberty sold the majority of its European personal insurance business but Hughes was not part of that deal."We’re committed to the Northern Ireland market and are looking forward to welcoming their team and supporting their aspirations to deliver growth and innovation to enhance their customer offering," he added.
Hughes has around 85,000 customers across the motor, home, van, travel and commercial insurance sectors.The company’s headquarters building in Newtownards was put up for sale earlier this year. Bernie McHugh-Sonner, Hughes Insurance acting chief executive, said the takeover would strengthen the firm’s capabilities and "enhance our ability to provide innovative, competitive and comprehensive insurance solutions".DUP to meet PSNI over Armagh victory police car footage
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Two arrests following reports of multiple robberies in NewtownardsA number of stores were targeted on Monday, July 8
Read more »
Marianne Smyth in court in Newtownards on £130,000 fraud chargesNewtownards Magistrate's Court heard Marianne Smyth, who was extradited from the US, defrauded six people.
Read more »
Strangford voters say politicians 'could do better'We visited Newtownards to find out which issues mattered to our readers
Read more »
Rhys McClenaghan start time at Olympics and how to watchNewtownards gymnast Rhys McClenaghan gets his Olympics gold medal assault under way on Saturday
Read more »
Vandoorne and Hughes sign with Maserati MSG in Formula EItalian brand signs two new drivers for an undisclosed period of time
Read more »
Mohamed Salah’s future is questioned as Arne Slot’s four-word message to Liverpool stars hints at what the...Liverpool Sporting Director Richard Hughes gives transfer window prediction during Arne Slot’s first press conference
Read more »