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Equity Red Star (ERS) is a specialist motor insurer. It has been providing insurance products for more than 60 years and now provides cover solely via Lloyd’s Syndicate 218. ERS offers a diverse range of products, including private car, classic car, van, motorcycle, taxi, minibus, fleet, haulage, agricultural vehicle and motor breakdown. ==History== ERS began life in 1946 as Equity Motor Policies, a Lloyd's syndicate. In 1987 the company merged with Red Star to form Equity Red Star. Nine years later the company was bought by Cox Insurance, a Lloyd's underwriting business specialising in nuclear, marine and catastrophe insurance. In 2002, following losses incurred due to 9/11, Cox Insurance withdrew from its commercial insurance activity to focus on personal lines. The business raised new equity capital to support its motor underwriting operation. . A management buyout of the business in 2005 led to a new focus and a new name, Equity Insurance Group – led by CEO, Neil Utley - backed by investors Englefield and Duke Street Capital. It is headquartered at Brentwood, Essex. Further facilities are located in Colchester and Swansea. On 4 December 2006, Australian insurer Insurance Australia Group announced that it would acquire Equity Insurance Group for £570 million. The acquisition was completed on 8 January 2007 and Neil Utley, then CEO, joined the executive team of IAG. In April 2013 US Private Equity company Aquiline purchased Equity Insurance Group from IAG for £80 million- this prompted a transformation programme which led to the sale of EDBL and its personal accident and household books to Arista. In April 2013, Equity Insurance Group rebranded to ERS and became a "motor only, broker only" insurer. It now operates solely as A+ rated Lloyd's syndicate 218. Currently in 2015, ERS is undergoing structural changes to achieve a 90% combined operational ratio, This plan involves consolidating their offices into two locations (London and Swansea) and to expand both locations for growth. The decision has involved an extensive review of the operating model and organisational structure which involves the closure of the Brentwood office. Work that has been carried out in Brentwood will be split between London and Swansea while employees in Brentwood will enter a period of consultation lasting 45 days and ending on the 14th of May. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Equity Insurance Group」の詳細全文を読む スポンサード リンク
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