A Manchester-based insurance group is relocating its motor broking business.
Principal Insurance will be relocating its niche motor broking business from Kendal to Lancaster, according to a press release.
The motor broking business was originally founded as Peart Insurance Brokers. It offers specialist insurance on classic, high-performance, high-value kit and replica cars, according to the release. Principal Insurance said it anticipates significant growth following its acquisition of the business in October.
Principal has obtained offices for the business at Riverway House on Morecambe Road in Lancaster.
“Lancaster is not only well-served by road and rail but has a sizeable industry presence, with three major insurers all having significant operations in the city,” said Kat Blayden-Byrne, who heads up the operation. “Both these factors will greatly assist us in recruiting experienced and talented staff to some 20 new roles we expect to create within the next two years.”
The business is already seeking candidates for sales and administration posts, Blayden-Byrne said. The relocation is expected to be completed in July.
