Fortis completes purchase of cheap car insurance for young drivers provider
www.moneynews.co.uk > Insurance > Fortis completes purchase of cheap car insurance for young drivers provider
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Fortis completes purchase of cheap car insurance for young drivers provider
Thu 5th Aug 2010
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With the planned deal having now been given the necessary regulatory green light, the firm is set to increase its existing customer base of around seven million by a further 600,000.
In addition, the deal, which will take the Fortis UK workforce to in excess of 4,000 people, will help boost the firm's sales capacity, making it easier to reach young drivers and offer them cheap car insurance.
Announcing the development, Barry Smith, chief executive of Fortis UK, said that Kwik Fit Insurance is a "powerful brand" and will serve as a welcome addition to the company.
"Our businesses share similar philosophies and we believe that both our customers and our people will benefit greatly from this move," he added.
News of the deal comes in the same week that the Fortis Semploy package has been awarded a Five Star rating by Defaqto.
Click here for more insurance news
Related News : Insurance |
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Related News : Kwik Fit |
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