Brokers welcome QBE takeover of Brit's UK regional business
Brokers have given a uniformly positive reaction to the takeover by QBE of Brit’s UK regional business describing it as good news for both brokers and insurers.
The deal for an undisclosed fee sees QBE acquire the renewal rights to Brit's UK regional operations business and all brokers said it would increase the provider's presence.
Twickenham-based Tim Brangwyn, director at Sutton Winson, said: "I think it's a good deal for QBE, they are pushing their regional presence quite aggressively so this will add some more weight to what they are doing."
He added that Brit's clients would benefit from the certainty the deal delivered. It was a point developed
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