QBE move for Brit secures broker backing as deal doubles regional GWP
Acquiring Brit UK's renewal rights is Australian insurer QBE's biggest UK deal in more than 10 years, and signifies its commitment to becoming a major player in the regional broker market insuring SMEs.
QBE last week announced its acquisition of the renewal rights to Brit Insurance’s UK regional operations business. QBE’s UK regional book is worth £350m of gross written premium, while Brit’s is £300m
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