Insurance Age

Brightside slashes its 2013 earnings estimate by 20%

Tax burden falling
    • Andrew Pearce

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Broker blames capacity restrictions during Q4 2013.

Brightside Group has slashed its 2013 earnings estimate by some 20%, citing capacity restrictions for its online business during Q4 2013.

The broker stated that due to these restrictions it has experienced a "reduction in the level" of policies transacted when compared to Q3 2013.

Brightside said that the issue had been "particularly acute" with the capacity provided by Gibraltar-based Southern Rock Insurance Company. 

In a statement, the broker maintained: "We are, however, pleased to announce

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