The Peterborough Evening Telegraph
Staff assured jobs are safe as new owners acquire insurer
Staff at a Peterborough-based insurance specialist for young motorists have been told their jobs are secure following the sale of the business. Marmalade, in Alpha Business Centre, Mallard Road, Bretton, where it employs 100 people, has been acquired by UK’s leading digital multi-brand personal insurance broker, the Atlanta Group.
A spokesperson for the new owners said: “Staff have been reassured their jobs are safe and the Peterborough office remains too.”
Marmalade, which focuses on policies for drivers aged under 34, was launched in Peterborough 15 years ago and has enjoyed rapid growth.
It writes about 12,500 short term and annual policies a month.
Nick Moger, majority shareholder and outgoing chairman, said: “Over the last 15 years I have watched with ever increasing pride the company that my wife Helen, my son Crispin and I founded grow from just us and a few staff based in farm buildings near Peterborough to become what it is today.
“I feel it is time for me to retire and I’m very happy to hand over the ownership to the Atlanta Group who will take it on to the next level.”
Ian Donaldson, chief executive of Atlanta, said: “There’s no doubt the under 34s have taken a hard financial hit over the last year.
“With Marmalade we’ll be able to help reward careful driving, keep them moving, and get them on the road to the rest of their lives.
“Crispin and his team in Peterborough are a perfect fit for Atlanta. We share the same family firm values and passion for our people and customers.”