GoCo has been bought four years after its Esure de-merger.
In the 29th episode of Post and Insurance Age’s video series we gathered together an expert panel to discuss the prevention, detection and prosecution of insurance fraud at a time of pandemic.
GoCo Group’s preliminary results suggested operating profit would drop more than 46% amid transformation plan.
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Comparison site says young drivers aged 17 to 24 are most likely to fall victim to ghost broking.
Both the credit facility and four-year term loan included in the refinancing can be extended for an additional year.
Research by GoCompare shows 44% of drivers let their car insurance automatically renew, with customers overpaying by £982m a year.
A survey by Go Compare show half of the drivers surveyed felt it should be illegal for insurers to reserve best prices for new customers.
Operating profit also went up but revenue in its price comparison segment slipped.
Research is published just a day after a Go Compare study claimed customers are caught in a £1.2bn auto-renewal “loyalty trap”.
Surge in motor policies at insurer.
Aggregator reports 4.7% growth in insurance revenue.
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ZPG made unsolicited approaches to buy the aggregator which were “unanimously and unequivocally rejected” by the board according to a statement from Go Compare.
The aggregator saw adjusted operating profit grow to £17.5m for the six months ended 30 June 2017 following Esure demerger.
The comparision site saw revenue up by 20% to £142.1m (2015: £119m).
Esure completes the demerger of the comparison site.
Approval of the demerger depends on a meeting to be held next month.
Aggregator to seek stock exchange listing before the end of the year.
Providers and wider industry confirm backing for troubled brokers affected by the outage.
Esure-owned aggregator Gocompare has recorded a 22.3% growth in revenue in the first half of 2016 compared to 2015 at £72.9m(H1 2015: £59.6m).
Fresh speculation was sparked that company had been circled by private equity firms and overseas insurers.
Insurer considers split and appoints Matthew Crummack as CEO of the aggregator.