Zurich Financial Services Group has bought Wrightway Underwriting for an undisclosed sum

Zurich Financial Services Group has bought 100% of Wrightway Underwriting following receipt of the necessary regulatory approvals.

Wrightway Underwriting is headquartered in Wexford, Ireland, and is one of the most successful independent underwriting agencies in Ireland with a turnover of EUR 25.5m (£) as of December 2006. It has been agreed not to disclose the price of the transaction.

The existing management team at Wrightway Underwriting will continue to develop activities in chosen markets. Wrightway is a specialist provider of niche solutions in general insurance.

Wrightway will still act as an intermediary, placing business for its customers with a panel of insurers, including Zurich. The business is distributed via a network of brokers nationwide.