Cardif Pinnacle has acquired Direct Life & Pension Services, a distributor of critical illness and other protection insurance products.
Direct Life & Pension Services employs 200 staff and will continue to operate as a standalone business.
Paul Glen, chief executive officer of Cardif Pinnacle, said: “The acquisition of Direct Life & Pension Services is a key move forward in our strategy to help Cardif Pinnacle’s protection business. This will enable us to increase the product solutions and services we can offer to a broader range of clients and customers. Cardif Pinnacle remains firmly committed to its existing core business.”