Insurers ready to seize RSA's former motor trade business
Insurers are poised to pounce on RSA's former business following its decision to withdraw from the motor trade market.
Yesterday, Insurance Age revealed that RSA was pulling back from the segment and had also agreed in principle the sale of its Fyfe business, the motor trade specialist intermediary.
And RSA's former competitors have now set their sights on picking off the extra business that the insurer will leave behind.
"One man's disappointment is another man's opportunity," said Paul Hodgson, director, commercial underwriting at MMA.
"We have absolutely no intention of following suit. It really is a
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