BDML has picked up the 25,000-policy Hill House Hammond (HHH) motorcycle book from Norwich Union (NU), according to market sources.

The business, which includes the Mitchell's portfolio, is estimated to have cost around £1m.

BDML is expected to transfer staff from the old HHH office in Southampton to its Portsmouth headquarters on completion of the deal.

Market sources said that a decision was yet to be made about the Mitchell office in north London.

A market source said: "BDML will either be looking at this deal as a platform to grow its motorcycle business to critical mass or it could be aiming at a quick resale once a 12-month exclusion clause imposed by NU is over."

BDML declined to comment.

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