In a strategic move to bolster its presence in the classic vehicle insurance sector, Kingfisher Insurance has successfully acquired Lynbrook Insurance Services.
This acquisition aligns with Kingfisher’s overarching growth strategy, which encompasses both organic expansion and the incorporation of specialized enterprises. Although specific financial details of the transaction remain undisclosed, the integration of Lynbrook into Kingfisher’s operations signifies a significant step forward for the company.
Operating alongside Peter James Insurance, Kingfisher’s flagship classic vehicle brand, Lynbrook will contribute to enriching the company’s offerings within this niche market. By amalgamating with Kingfisher, Lynbrook’s clientele gains access to a broader spectrum of insurance solutions, spanning motorsport, private client, non-standard home, motor trade, and specialist commercial insurance.
Garry Carlin, Head of Kingfisher’s classic vehicle division, expressed enthusiasm for the acquisition, affirming the company’s dedication to maintaining the exceptional service standards Lynbrook’s customers have come to expect. Carlin praised Lynbrook’s team for their genuine passion and expertise in classic vehicles, values that resonate throughout Kingfisher’s classic vehicle division.
James Stuart, Managing Director of Kingfisher, underscored the strategic significance of the acquisition, emphasizing the company’s commitment to investing in and expanding within the classic vehicle market. Stuart’s statement reaffirmed Kingfisher’s position as a key player in this highly specialized sector.
Established in 1972, Lynbrook brings decades of experience and expertise to Kingfisher’s portfolio, further solidifying the company’s foothold in the classic vehicle insurance industry.
This acquisition follows closely on the heels of another milestone for Kingfisher. Last month, the company inaugurated its new broking headquarters in Rubery, Birmingham. Positioned in the heart of the UK’s motoring heritage, this strategic location underscores Kingfisher’s dedication to the rich automotive history of the West Midlands. Stuart described the opening of the new headquarters as an exciting opportunity for collaboration and innovation within Kingfisher’s teams.
With these recent developments, Kingfisher Insurance continues to demonstrate its commitment to growth, innovation, and excellence within the classic vehicle insurance sector.
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