The Blog Spot: Deal or no deal - is the AA/Hastings tie-up really dead?
Hastings was in talks this summer about buying AA’s insurance business, or in their words forming a “partnership”. The talks have since stopped and the deal hasn’t happened.
But I would add the word “yet”.
The rule in personal lines is simple: go volume, go niche or go home.
Sometimes deals just make sense.
Admittedly sometimes they don’t but let’s stick with trying to be positive and look at a couple of examples in the first category.
Growth
Marsh buying Jelf made a lot of sense from the outside. It could add in the regional branch network, move across any relevant business and leave the management to deliver. Each element could support the other and growth
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