Brit Insurance (Brit) has acquired the renewal rights of Markel's UK motor portfolio in a deal which nets it £16.2m gross written premium.
The portfolio will come under Brit's control and Brit will employ some of Markel's staff.
Dane Douetil, Chief Executive of Brit Insurance Limited, said: "The Markel UK motor portfolio is an excellent strategic fit with our existing business, allowing us to broaden the portfolio in discrete, specialist areas such as self drive hire.
"In essence the deal is very similar to the arrangement we came to in October last year with Gerling when we acquired the renewal rights to its motor fleet account. This has now been very successfully integrated into our business."
William Stovin, Director of Underwriting & Special Projects at Markel International, said: "Whilst the motor portfolio is profitable, regrettably it does not fit our long term strategic plans. We are delighted, therefore, to have found a buyer who can offer continuity to both staff and their brokers and clients alike."
