Fleet UK is part of THB Group and the agreement had been in place for 23 years.
Advised clients will be transferred to Towergate and the move, which will lead to redundancies, is likely to result in branch closures.
The recently re-financed business is aiming to find a longer-term backer in 2021.
But turnover increased slightly at the Norwich-based broker.
Move follows decision to place Tokio Marine Kiln Insurance into run-off in June.
Close Brothers Premium Finance CEO Sharon Bishop discusses the results of its recent broker survey in part one of our Q&A series.
CEO of general insurance Colm Holmes says life and GI split is going "smoothly" and discusses premium drop in "choppy" personal lines market as MD of intermediaries Phil Bayles pledges that Aviva will not exit any business lines.
The cyber insurance battlefield is far from clear as the trade body calls on the ICO to make more breach data available publicly.
Provider says results were impacted by bringing the GI business together with UK Digital, as it moves ahead with its cost reduction plan.
The Allianz CEO points to 3.7% underlying business growth as he discusses the provider's half-year results and weighs in on the amended discount rate.
Purchasing the remaining stake in LV has impacted the provider’s half-year numbers.
The CEO for UK & International is awaiting full year numbers ahead of any celebration as UK COR improves to 94%.
The $5.6bn deal completed on 1 April this year as the business flags a flat EMEA performance.
The sector continued to display big pricing disparities across age groups and experts warn Ogden will increase market volatility.
In force policies at the broker-focused part of the business grew 2.4% as the group numbers flag a £15.9m Ogden hit.
The policy protects ideas, logos, designs and patents and provides business interruption and collateral protection.
Nexus group CEO Colin Thompson says to expect more acquisitions.
Profit increased for the firm in first full year results since Aston Scott and Lark merged as the business commits to more deals with comparative analysis showing turnover of £57.4m.
The Association of Consultant Approved Inspectors (ACAI) has called on the government to review its Approved Inspectors Scheme of Insurance.
Claire Buck has been promoted to the position after joining the provider in 2004.
Organisation references Grenfell Tower tragedy as it unveils advice to brokers, including to identify which materials and dangerous substances are used in the building process.
The company blamed lower profits on a costly office move, as salaries increased and the balance of administrative and broking staff is altered.
InsurTech Futures: Epoq Legal has made the add-on, which is designed for SMEs, available across the broker market.
Former Ardonagh deputy CEO Janice Deakin has stepped back at the consolidator and vowed that she needs a ‘break’ from big deals having worked on the acquisition of Swinton, but added the idea of acting as a non-executive director at another firm…