Insurance Age

Brightside acquires eVan book

eVan is an on-line insurance brand through which insurance is sold for vans owned by individuals and small businesses.

Southern Rock will continue to underwrite the insurance policies with E Insurance operating as insurance broker and charging commissions in respect thereof.

The initial consideration will be £3.3m satisfied by a cash payment on completion. In addition, there will be deferred consideration, payable in cash, following the signing of the 2009 E Insurance audited accounts.

The impact

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