TFP Schemes buy QBE Taxi book

01/04/2013

TFP Schemes, the Cardiff based wholesale "hire and reward" vehicle insurance specialist has announced the purchase of QBEs UK taxi book as part of their continuing expansion programme.

QBE Insurance Group is one of the world's leading international insurers and reinsurers, headquartered in Sydney, Australia and operating in 48 countries across the globe. The QBE European Operations head office is based in London.

All existing QBE Taxi business will be transferred and administered from the 1st April 2013, by the TFP Schemes Cardiff office. Existing QBE brokers will receive notification of the change, direct from TFP Schemes with details of the ongoing renewal and administration process for clients.

Commenting on the acquisition, Damian Walsh, Partner at TFP Schemes said “We are delighted with the acquisition of the QBE taxi business; this is a perfect match to our own, providing us with further expansion in this sector. The purchase of the QBE book is part of our exciting growth strategy which has now seen the acquisition of several wholesale books and will also include the future development of further product lines both in the hire and reward sector and in other commercial lines.

The acquisition of the QBE taxi book consolidates TFP Schemes position as the leading provider in this sector”.

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