Personal

Aggregator sold for a £1

Fairpoint Group today said it had accelerated its strategy of extending the group from a debt solutions business for heavily indebted consumers by agreeing to acquire 100% of the share capital of aggegator Moneyextra.

Credit hire: Stuck on you

After Axa spurned the Association of British Insurers' general terms of agreement, many thought other motor insurers would follow suit. Rachel Gordon examines why a mass exodus has not occurred.

Wiper water warning

Auto Windscreens is warning insurers to be aware of a potential rise in personal injury claims, after research by the Health Protection Agency found windscreen wiper water may be the cause of 20% of cases of Legionnaires' disease in England and Wales.

Private equity firm steps in with £115m MCS deal

Swedish restoration services firm Munters has sold its moisture control services business to private equity firm Triton in a move that will see a number of key partnerships in the UK insurance market change ownership.

Octagon joins aggregator

Motor insurer Octagon has joined the panel of aggregator Compare the Market. Octagon, which launched last November, was previously available exclusively on Go Compare.

Kelly quits ABI

The Association of British Insurers is on the hunt for a new director general following the announcement that Kerrie Kelly has stepped down.

Ex-Erinaceous boss returns

Former Erinaceous boss Andy Halstead has returned to the insurance market with a new property venture called Rent On Time.

ABI: liability classes lead rise in fraud detection

Figures from the Association of British Insurers published this week are expected to reveal the amount of insurance fraud detected and prevented last year by its members rose again, reaching a total of 122 000 cases — up from 107 00 in 2008 — with a…

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