Car insurance specialist Coverbox has moved to bigger premises in Peterborough after outgrowing its Stamford headquarters.
Forty staff have moved into offices in Thorpe Park, Peterborough.
Peterborough is a great location.Andrew Bennett, chief executive
The firm has spun off its technology team into a new independent business, Insure Telematics Solutions (ITS), which will be based at the offices in Broad Street, Stamford.
The firm says that more jobs will be created at both offices in the near future as the firm looks to triple in size. It has doubled in size in the two years
Andrew Bennett, chief executive of Coverbox, said: “Peterborough is a great location, with affordable, good quality property and experienced staff within the area.
“Our Stamford offices became too small for Coverbox but are ideal for ITS.”