QBE puts personal lines motor book into runoff
Condemned slice of business accounts for 10% of overall motor book
QBE has placed its personal lines motor account into run-off, as predicted by Insurance Age.
The decision follows the departure of divisional manager Steve Stone for Markerstudy. It is thought that up to ten members of the former QBE team will also make the move to Markerstudy to spearhead its new Chelmsford-based personal lines motor business.
A QBE spokesman said: "We can confirm that following a review of our UK personal lines private car portfolio we are placing this non core product into
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