Ever wondered who is the force and power behind the various insurance companies that operate across the UK and manage your car insurance?
Many insurers now offer motor insurance under a number of smaller companies operating as separate entities. Some may call this branding but in essence, it is simply a business operating under an additional trading name and whilst, insurance companies do not attempt to hide the details of the true owner, it’s only in the small print that this sort of information is normally disclosed.
Admiraloperates under Admiral, Elephant.co.uk, Confused.com,
Compare the Market is owned by Budget
HBOSowns Halifax Insurance, esure, Sheilas Wheels and First Alternative.
Royal & Sun Alliance owns More Than
AXAowns Swiftcover and also offers quotes as Lloyds TSB Insurance and insurance.co.uk
Swinton is owned by MMAas is its4me & bullseye
Zurichowns Endsleigh
Fortis owns RIAS
Kwik-Fit Insurance Services owns Express Insurance
IAG owns Hastings Direct, People’s Choice, Diamond, Advantage, Open & Direct and Equity
This list is by no means exhaustive. Have a look at these:-
RBSGroup owns Direct Line, Churchill, Privilege, NIG as well as branded sales products such as Tesco Insurance, Natwest, Virgin Money, MBNA, BMW Insurance, MINI Insurance, Mint, Egg, Nationwide, Age Concern and Vauxhall Insurance.
Given Direct Line’s marketing specifically states they cannot be found on comparison websites, it appears a little hypocritical that their parent company have an interest in Tesco branded insurance products and Tesco currently advertise a comparison website.
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