Brit buys 30% stake in broker

The investment builds on an already successful relationship; Brit Insurance is already a major partner of Xbridge and has generated significant revenues since March 2007.

An additional loan facility will enable Xbridge to continue to develop their leading edge technology and marketing strategy.

Xbridge launched its comparative quote and buy insurance platform in July 2005, and to date have achieved premium volumes in excess of £15m and continue to grow at a significant rate.

Dane Douetil, chief

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