Hiscox snaps up Chartwell bargain.
Hiscox has bought Chartwell Underwriting's regional operation for just £500,000. The acquisition ...
Hiscox has bought Chartwell Underwriting's regional operation forjust £500,000.
The acquisition will give the Lloyd's group the right to renew Chartwell's
£20m worth of specialist liability business while increasing its regional
presence in the UK retail sector. Chartwell employs 30 staff in Leeds,
Glasgow, Birmingham, Chelmsford and London, who will transfer across to
Hiscox. It is likely that Hiscox will merge its Harrogate branch with
Chartwell's Leeds operation.
Bronek Masojada, chief executive
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