Kwik-Fit sells insurance arm

The French owners of car repairs chain Kwik-Fit have agreed to sell its insurance broking arm in a £215m (€260m) deal, it was announced today.

Kwik-Fit sells insurance arm
Fri, 02 Jul, 2010 - 08:41

The French owners of car repairs chain Kwik-Fit have agreed to sell its insurance broking arm in a £215m (€260m) deal, it was announced today.

Private equity group PAI Partners is selling Kwik-Fit Insurance Services (KFIS) - which has around 600,000 customers with policies across lines including home, car and travel insurance – to the UK division of Belgian insurer Ageas.

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CourtsBusinessHeathrowPlace: UKOrganisation: Kwik-FitOrganisation: PAI PartnersOrganisation: Kwik-Fit Insurance ServicesOrganisation: KFISOrganisation: Ageas
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