Ryan Direct strikes SME deal with AmTrust Underwriting
RDG will take over £3.5m worth of annual business and a team of underwriters.
Ryan Direct Group (RDG) will acquire the rights to the commercial combined SME portfolio underwritten by AmTrust Underwriting Limited (AUL) following a deal between the two companies.
RDG will take over a book of business delivering around £3.5m of net premium annually as well as a team of underwriters who will be based in its London office.
The deal is subject to legal agreement and is expected to be completed in November.
Attractive
Derek Coles, RDG chief executive, said: "The commercial
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