Fortis completes Kwik Fit aquisition
Fortis Insurance UK has been given regulatory approval from the Financial Services Authority(FSA)for the purchase of Kwik Fit Insurance Services.
Fortis said the deal will add another 600,000 customers to its existing 7 million customer base in the UK and "consolidate Fortis as the fourth largest personal lines intermediary distributor in the UK".
On completion of the transaction, Barry Smith, chief executive of Fortis UK, said: “Kwik Fit Insurance is a great business and adds a powerful brand to our portfolio. There is a fantastic fit between Fortis and Kwik Fit in delivering excellent customer service and the purchase is part of our
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