Fortis Insurance UK has been given regulatory approval from the Financial Services Authority(FSA)for the purchase of Kwik Fit Insurance Services.
Fortis said the deal will add another 600,000 customers to its existing 7 million customer base in the UK and "consolidate Fortis as the fourth largest personal lines intermediary distributor in the UK"....
Provider aims to grow in the private client sector.
SEIB says it is poised for both organic and inorganic growth.
Broker states it is better placed for a strong performance in 2016.
Deal follows agreement between Mike Bruce, Global Risk Partners and Neil Thornton with the broker.