In an expansion of its specialist product range Dexta Corporation has acquired national underwriting agency MB Insurance Group.

MB specialises in prestige motor, mobile plant and niche professional indemnity insurance.

The acquisition was made possible through the partnership formed last year with Ironbridge Capital, which provides financial backing for Dexta to expand its product range, service capabilities and client base.

Dexta CEO Bob Lee says the purchase price is subject to a confidentiality agreement.

MB Insurance MD Brian McNamara and director Mike McLean will remain with the agency and now have a shareholding in Dexta.

Mr Lee says it will be business as usual at MB, but the acquisition offers expanded opportunities for both companies. Mr McNamara says MB will continue to operate under its own financial services licence and will retain its identity.