Equity puts all its eggs in one boot

eggs-in-one-boot

Equity Insurance made quite a noise in the market last month, announcing that it was moving to a broker-only strategy and would only be writing motor business.

The provider, which was purchased by Aquiline Capital Partners from former owner Insurance Australia Group in April 2013, will cease to operate in the personal accident and home insurance markets.

Ian Parker, Equity CEO, said of this decision: “Those divisions are not significant for us. These lines are profitable but not strategic.”

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