StockMarketWire.com - Product and services group CPP said it had acquired the UK insurance broker, Business & Domestic Insurance Services as the company moved into the UK insurance broker market.

B&D, one of the largest providers of added value insurance products in the UK, sold products designed to enhance commercial, domestic, and small business insurance ranges, exclusively through the insurance broker channel.

The acquisition marked a major move for CPP, as it launches into the UK insurance broker market, the company said.

'The deal will ultimately see CPP take on the administration of over 160,000 policies, written across a portfolio of niche products; including excess protection, total loss protection, legal expenses, and brown and white goods warranty,' the company said.




At 8:56am: [LON:CPP] CPP Group PLC share price was +0.4p at 5p



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