Brit Insurance invests in Xbridge

Brit Insurance has made a £7m investment in Xbridge, giving the insurer a 38% interest in the business. Xbridge is an online insurance and finance technology platform specialising in owner-managed business. Its flagship brand, Simply Business, enables business owners to compare multiple business insurance quotes online and then buy. Brit is already a major partner in Xbridge, which has generated significant revenues since March 2007.