Company increase commercial motor book to over £100m GWP
Tradex Insurance has acquired the Westminster Motor Insurance Association.
Both Tradex and Westminster are signficant players in the Public and Private Hire market. The merger of these accounts, Tradex said in a statement, puts them in a "lead position" of London Black Cab business.
Swiss Re, who are Tradex’s Quota Share partners, will continue to provide support for this increased venture.
Tradex chief executive Stephen Endean said: "We are delighted to welcome the experience and dedication of the Westminster team on board. Together, we will now control in excess of £100M in commercial motor, motor trade and motor liability business".
"Our thanks go to Swiss Re for their involvement in bringing us together and continued support."
