Switzerland-based Zurich Financial Services has acquired 100% of Ireland's Wrightway Underwriting after obtaining the necessary regulatory approvals.

The existing management team at Wrightway Underwriting will continue to develop activities in chosen markets. According to Zurich, it has particular strengths in the private and commercial motor insurance sector, as well as property and construction-related markets.

Wrightway will still act as an intermediary, placing business for its customers with a panel of leading insurers, including Zurich. The business is distributed via a network of brokers nationwide.