News review: December
British Gas announced its intention to become a top 10 insurer in its own right within three years, after receiving authorisation to launch a risk-carrying vehicle. The start-up would have significant consequences for a number of major insurers that have agreements in place with British Gas to underwrite insurance policies for its customers, including Chartis UK and RSA. The Centrica-owned utilities giant received the Financial Services Authority green light for its venture earlier this year and
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