QBE ditches Iron Trades' retail division
QBE has confirmed it is to close Iron Trades' retail division. The Australian giant claims it has b...
QBE has confirmed it is to close Iron Trades' retail division.The Australian giant claims it has been forced to close the business, after attempts to sell it failed. QBE announced in April that it would dispose of the retail division, because the UK personal lines market does not fit its strategic business criteria. The run-off is scheduled to take place over two years.
The retail division is based mainly in Middlesbrough and employs just over 100 staff. It writes approximately £80m gross
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