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RL360 wraps up CMI acquisition

The RL360 Group has completed the acquisition of CMI Insurance Company Ltd from Lloyds Banking Group.

CMI has around 16,000 policies with more than £4bn assets under management, which have now transferred over to the RL360 Group.

David Kneeshaw, chief executive of RL360, said: “CMI’s long-running focus on providing high quality customer care and investor protection fits well with RL360’s approach to doing business, and as such renders the transaction a natural fit.

“We remain fully committed to our existing RL360 products, markets, partners and customers.”