Fortis has acquired top-50 UK broker OutRight.

Peer van Harten, chief executive of Fortis Insurance International, said: “The acquisition of OutRight is an important step for Fortis Insurance International in the implementation of our strategy. First of all OutRight provides an additional growth opportunity, as it will enhance our capability in the fast growing affinity-based distribution segment of the UK personal lines insurance market.

"Secondly, this will expand our distribution capabilities via eg brandassurance, brokers, etc, demonstrating our focus on multi-channel distribution.

"Finally OutRight brings us the opportunity to offer new and value-adding services to our distribution partners in the UK, thereby strengthening our relationship with them."

Topics