Tuesday, 7 December 2010

Fortis buys Kwik-Fit Insurance, owner of the Green Insurance Company

We reported in February 2010 that Kwik-Fit was selling its business. Well, it’s now been sold to Fortis UK for £215m. The deal gives Fortis a combined retail customer base of 1.6 million, making it the 4th largest personal lines intermediary distributor in the UK.

This is important for the green and eco-friendly insurance market since Kwik-Fit owns the Green Insurance Company, one of the flagship eco-friendly insurance companies offering to offset 100% of a driver’s annual emissions.

It is unclear at this stage what will happen to the Green Insurance Company, and its promise of offering to offset a driver’s carbon emissions. Last year we reported that I Buy Eco had abandoned its commitment to offset drivers' carbon emissions and were instead offering a £5 charity donation

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