News: QBE ambitions realised
QBE looks set to double the size of its commercial property book as it closes in on a deal that could see it snatch £40m worth of business from Axa, Insurance Age has learnt.
A source close to the discussions said that although in its early stages, the deal with Towergate would be finalised shortly.
"The relationship between Towergate and QBE is very good and I don't expect there to be any problems," the source said.
It follows QBE's announcement earlier this year of its intention to become a top five property insurer.
Speaking at the time, Bernard Mageean, managing director of QBE's property division, said: "When a broker thinks property, I want them to
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