Douglas-based group buys CMI
The RL360 Group based on Cooil Road in Douglas, has announced its acquisition of the CMI Insurance Company from Lloyds.
RL360 began negotiations with Lloyds in May this year, to acquire its international life business Clerical Medical International Insurance Company Limited, or CMI, which employs around 100 people.
Chief Executive David Kneeshaw said: "CMI is an excellent addition to the RL360 Group and it will fit well with RL360's approach to doing business."
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