Into the new millennium.
1999 was a year of rationalisation for the industry, and PB kept its readers up-to-date with the mergers, closures and new regulations as they happened. Tim Collison looks back.
The start of 1999 brought welcome news for the commercial motormarket. After four years of declining rates, fleet motor insurers reported
significant hardening in pricing. Some insurers, including Royal &
SunAlliance, boasted of retaining renewal business with 100% increases in
rates. Norwich Union told PB that it was successfully imposing increases
of up to 14%.
CGU, Zurich and Crowe all confirmed similar hikes.
January saw the spate of mergers and acquisitions continue with
Ecclesiastical acquiring
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