AbbeyAutoline has acquired Coleraine-based Wallace Insurance Brokers’ customer book of business.

The deal marks the third acquisition by AbbeyAutoline in 2024, following the purchases of Lisnaskea-based Martin Carey Insurance and Downpatrick-based Down Insurances.

Wallace Insurance Brokers was founded in 1960 and provides insurance for the local construction and commercial industries.

The acquisition is part of AbbeyAutoline’s strategy to expand its footprint and enhance its commercial insurance service offerings across Northern Ireland.

As part of the acquisition, Peter Wallace, Principal of Wallace Insurance Brokers, will work alongside AbbeyAutoline to ensure a smooth transition for both clients and staff joining the AbbeyAutoline team.

Julie Gibbons, managing director of AbbeyAutoline, said: “We are delighted to welcome Wallace Insurance Brokers to the AbbeyAutoline family. Their outstanding reputation and expertise in the construction and commercial insurance sectors make them a perfect fit for our business as we continue to expand our footprint across Northern Ireland.

“This acquisition, alongside the recent purchases of Down Insurances and Martin Carey Insurance, reinforces our position as Northern Ireland’s largest insurance broker. It strengthens our ability to offer even more comprehensive and tailored commercial insurance solutions to businesses, particularly within the commercial sector. These acquisitions are key milestones in our long-term strategy to grow our business and ensure that we continue to deliver the best possible service to our clients across the region.”

Peter Wallace, principal of Wallace Insurance Brokers, added: “Joining AbbeyAutoline is a natural fit for our business and our clients. We’ve always prided ourselves on providing a personal and professional service, and AbbeyAutoline shares those same values, making this transition an easy decision.

“I want to reassure our customers that it’s business as usual – they will continue to receive the same level of care and attention they have come to expect from us, with their existing policies and payment arrangements remaining unchanged.

“This partnership marks an exciting new chapter, allowing us to offer a wider range of products and services, alongside AbbeyAutoline’s expanded range of expertise. We’re confident our clients will benefit from the broader selection of tailored insurance solutions that AbbeyAutoline can provide, all while maintaining the personal touch they value.”