Kwik Fit Insurance considering a sellout
Insurance business buying and selling is a common phenomenon and the latest company to add to this list is Kwik Fit insurance. The company is a motor repair group and is planning to sell the insurance business it owns. There are three companies under that business namely green insurance company, Kwik fit insurance and express insurance. This company has backing by another company that deals in private equity and is named PAI. The company has decided to raise £200 million by the way of sale. The mai aim of this sale will be to lessen the group debt. This is news for people who have taken their insurance policies with the company.
The company was launched in the year 1995 and since then it has been growing strong and gaining a number of customers. The staff of the company is also good and the company has invested in it. There are more than 1000 people working in the company. In the week that passed by, the company made an announcement of making the strongest sales in the 24 hours. In this, more than 2000 people became policy holders with the company and signed into the brand of the Kwik Fit insurance.
If you had a policy with the company, there may be a number of changes that may take place in the policy that you own. If you do not wish to continue your policy with the company, you can compare car insurance and get a new policy for yourself. The sales of the car insurance policies have increased since the last few years.
Article written by the marketing division of Compare.Com.