Travelers motor exit prompts market withdrawal speculation – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including Travelers’ decision to pull the plug on its private motor business in Ireland, leading to speculation that the insurer is planning to withdraw from the country completely.
It follows last week's statement that the insurer will be exiting the market from 1st of October to focus on commercial insurance.
In other news, Spanish owned insurer Mapfre Assistance is seeking a share of the six hundred million pound UK used car warranty market with the launch of its new brand, Mapfre Warranty; one of the UK's largest aggregators has welcomed the Office of Fair Trading's decision to clear Google of any monopoly rule breaches following its acquisition of Beat That Quote; and non-standard motor broking specialist A&A Group has outlined ambitious plans to expand its European footprint, ahead of a potential cash injection.
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