Equity puts all its eggs in one boot

- Caitlin Morrison
- 04 Jun 2013
- Indicative reading time: 2 minutes

Market reacts to Equity Insurance’s decision to focus on motor business

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.”

The

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe

You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.

If you would like to purchase additional rights please email info@insuranceage.co.uk

You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

If you would like to purchase additional rights please email info@insuranceage.co.uk