The recession has hit the insurance industry particularly hard and no sector has to date escaped. Aggregation has been a prominent feature of the market for a long time. Before the recession Insurance Brokers were the main target with the number of independent providers reduced by more than half as aggressive agglomerators swooped on books of business up and down the country.
The recesssion has brought with it major troubles for large bank owned brands such as Churchill and Direct Line and it looks like RBS will finally be forced to sell it’s crown jewels
Recent activity has also seen many large re-insurance companies going for a song!
However you really know the recession has hit home when you can pick up forward thinking Insurance Websites for peanuts….
Here is an Advert from this weeks insurance news
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