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Aviva-target DLG launches on Compare the Market
Aviva takeover target Direct Line Group has launched three new branded motor insurance products on Compare the Market, marking its entry on to price comparison websites.
Top 5 read stories: 8-12 August 2022
The top five most read stories by brokers this week.
Tribunal overturns CMA Most Favoured Nation clauses ruling and £17.9m Compare The Market fine
A Competition Appeal Tribunal has overturned a decision by the Competition and Markets Authority which was set to fine Compare the Market £17.9m for breaking competition rules on use of Most Favoured Nation clauses.
CMA fines ComparetheMarket £17.9m
The watchdog says the comparison website breached competition law by using clauses prohibiting home insurers to offer lower prices on other aggregator sites, resulting in higher premiums.
CMA’s investigation into Compare the Market sees timeline extended
Investigation centres on clause included in the aggregator’s home insurance contracts which may potentially cause consumers to miss out.
Government revives further regulation of aggregators
The government referenced a 2017 study into digital comparison tools by the CMA.
CMA accuses Compare the Market of breaking competition law
The CMA has provisionally found that the aggregator is preventing customers from getting better home deals through use of its ‘most favoured nation clauses’.
#Insagepeople: 17 - 23 September 2018
Stay up to date with the latest people moves.
Compare the Market targets SMEs as it partners with Simply Business
Aggregator highlights appetite to grow business and landlords insurance.
BGL targeting 200 apprentices for new academy
Recruits to range from school leavers to degree holders.
Broking Break: Your Top 5
Ardonagh’s results have once more piqued the interest of brokers as did a court case, an investment in an aggregator, underinsurance and motor profitability.
BGL rules out IPO following £675m investment
Current owner BHL will retain the majority shareholding of the group which includes Compare the Market.
Broking Break - Your Top Five
CMA investigations, diversity and transformation, aquisitions and a restructure were the most popular stories this week.
Compare the Market faces CMA investigation
Regulator to investigate relationships between providers and Compare the Market following review of digital comparison tools.
Pre-tax profit drops 15% at BGL
Group reports increase in both revenue and policies.
Sector hails FCA renewals proposals as “good news”
ABI and Aviva welcome consultation on showing last year’s premium price on renewal notices.
Question Time: Meet the Moderator - David Worsfold
On the 25 June Insurance Age, in association with Axa, will be hosting the first broker Question Time event in London at the Pewterers' Hall.
Compare The Market owner BGL appoints Donaldson to succeed Winslow as CEO
The BGL Group has appointed Matthew Donaldson to the role of chief executive officer with predecessor Peter Winslow becoming group executive chairman.
Zurich launches new product through aggregator
Zurich has launched a new online motor insurance product, which will be available direct via the insurer’s website and through Confused.com.
BGL reports 16% growth in profit
BGL Group has reported pre-tax profits of £72m for the year end June 2011, a year-on-year growth of 16%.
BGL announces divisional changes
BGL Group has announced the appointments of Kal Atwal and Martin Overton to the main board as part of a restructure that has established four operating groups.