Personal lines exits highlight need to avoid reliance on single insurer

Eggs in a basket

After disappointing results for 2010, Ecclesiastical is the latest insurer to look to balance the books and cut back on unprofitable lines and as our timeline shows, it is by no means the first to do this. The past 
two years have seen several insurers exit areas of the personal lines market in an 
effort to push up profits.

The knock on effect has been a contraction in the market, especially in personal motor which has led to some rate hardening.

On the commercial side of the fence, however, we