EIS French broker links sealed CBL aquisition
The multi-million dollar acquisition of London-based underwriting agency European Insurance Services was part of a strategic purchase by credit insurer CBL Group to gain access to a network of almost 500 French brokers.
It is estimated the deal, finalised earlier this month, will take New Zealand-based CBL's revenue from a 2010 gross written premium of NZ$41m (£21m) to above NZ$100m in the next 12 months.
However
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