Capita Insurance services acquires BDML Connect

Capita Insurance Services, part of The Capita Group, has acquired BDML Connect from the insurance group BDML.

Subject to final Financial Services Authority approval, Capita Insurance Services said it would acquire BDML Connect for an initial cash consideration of £26m and deferred consideration of up to £9m, dependent on future business performance over the 30 months to 31 December 2007.

BDML Connect delivers personal lines insurance products on behalf of major affinity brands such as Norwich

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