New Aggregator-Only Direct Motor Insurer Enters the Market - October 2008

This regularly updated section of the HomeApproved web site will cover the latest trends, research, opinion and developments in the UK car insurance sector.

New aggregator-only direct motor insurer has entered the market.
First Central Insurance Services Limited initially will offer private motor insurance which will be followed by motorcycle and van insurance in early 2009.

Group CEO Mike Leonard said: "It’s great to impart good news for a change. With the launch of our new group, we are creating new jobs and new opportunities and First Central will be a brand of trust and dependability. The aggregator distribution model will fully meet our business needs as our research identified that more and more people in the UK are using comparison sites to source their personal lines insurance requirements.

"The co-founders of the business Ken Acott, Patrick Tilley, Peter Creed, Anne Cowland and I, have a wealth of experience in the market and our respective disciplines enable us to provide innovative solutions to satisfy the needs of our policyholders.

"Following months of planning, product and systems development as well as staff recruitment and training our regulatory approvals are now in place. We are looking forward to creating a market presence and a reputation for quality, trust and dependability in all we do," Mr Leonard added.

ENDS

Further October 2008 news
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