Ryan Direct seals Assurant deal

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Insurance services firm Ryan Direct Group is to buy Assurant Intermediary, which has 55,000 policies and £20m home and protection books.

Doncaster-based Ryan Direct said the deal, which is subject to regulatory approval, is expected to complete before the end of 2014.

Following completion the company will be renamed and branded RDG Intermediary.

Derek Coles, RDG’s chief executive, said: “This is an important deal that gives RDG scale and presence in the IFA and mortgage broker-led home and protection market, alongside our existing partnership with Uinsure.”