CGI sells chunk of MGA in bid to grow broker house book to £100m
Congregational & General Insurance (CGI) has sold a majority share of its subsidiary MGA, Integra Insurance Solutions, to the Hannover Re Group.
The announcement follows the decision by CGI to grow Integra's share of the intermediary home market to £100m in the next five years.
Carlo Cavaliere, CGI chief executive, said: "We have a solid, longstanding relationship with the Hannover Re Group, embracing reinsurance and, since its launch early last year, the underwriting capital for Integra.
"The investment truly cements our strong relationship, which already brings together our underwriting and distribution expertise with Hannover Re's AA-
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