Advantage Underwriting Limited has agreed to sell its book of business to Bennett Gould & Partners Ltd.
Advantage Underwriting Limited is part of Vantage Group of Companies.
Richard Packman, CEO of Vantage Group said “The decision to sell is part of Vantage’s strategic plan to grow our Channel Island businesses”
Giles Dalby, Director of Advantage Underwriting Limited commented “We are delighted to have found a home for our book of business and Bennett Gould are a perfect match for our network of brokers and their clients”
Adrian Gyde, Managing Director of Bennett Gould and Partners said “The Advantage Underwriting book is a natural fit for our business and helps us cement and extend our relationships with brokers throughout the UK”
The transaction is still subject to regulatory approvals (as applicable) and to the agreement of customary documentation for such sale.