Kwik-Fit expands with niche broker acquisition
Kwik-Fit Insurance has completed its first acquisition, gaining 100% of the share capital of Express...
Kwik-Fit Insurance has completed its first acquisition, gaining 100% of the share capital of Express Insurance Services for an undisclosed sum, and bringing its total gross written premium to around £250m. Express, which currently has an annual turnover of around £9m, employs more than 150 staff at its Birmingham headquarters. It controls £30m of GWP. Kwik-Fit said the deal has created the potential capacity for up to 30 new jobs. Specialising in motorcycles, performance cars and non-standard
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