The travel insurance book of Whiteley Insurance has been sold to Travel & General Insurance Company, liquidators Dan Schwarzmann and Nicholas Reed announced today.
The PricewaterhouseCoopers (PWC) liquidators also announced the sale of Whiteley's commercial insurance book to Huddersfield-based WY Risk Management, part of the Eastwood & Partners group of insurance brokers.
Whiteley's 10,000 travel policyholders and 1,500 commercial policyholders will now be contacted to inform them of their options, PWC said.
Dan Schwarzmann, partner at PWC said: “My team and I are delighted to be able to announce this news today. We are particularly pleased that we have been able to negotiate such a swift sale of the two businesses. We would like to thank all parties who have contributed to this successful outcome.”
