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However, the reporter also pointed out that, in the case of household and car insurance, price comparison websites such as Moneysupermarket rarely include all products on the market and that price comparisons are consequently incomplete. [11] Also, in June 2007, Nixon acquired Cameron’s 47% stake in the business for £162 million. [6]
In later years as competitors Moneysupermarket.com, Go.Compare and Comparethemarket.com have entered the market, Confused.com has tried numerous different advertising vehicles. None have emulated the success of the initial campaign and Confused.com has slipped from the position of market leader to being the fourth largest car insurance ...
Bennetts is an insurance broker, comparing prices from a panel of insurers who underwrite the insurance policy and set pricing, as well as handling claims.As an intermediary, fees are a necessary source of income to cover the costs of arranging and administering policies on behalf of customers.
Darwin was founded in 2019 and led by Sumit Bahukhandi. The company only sells through price comparison websites, initially Moneysupermarket, and is built in the Amazon Web Services cloud. It uses a different pricing model to other companies in the group, and acts as a test bed for new ideas. [21] [22] [23]
In 2004, the company acquired the motorcycle insurance arm of The Automobile Association, helping it to increase its customer portfolio to 230,000 policyholders. [2] In December 2006, the business was sold by its founder to French insurance group Groupama for a reported £80 million. [ 3 ]
Go Compare was established in November 2006 and is based in Newport, Wales. The company's founder was Hayley Parsons, who worked for Admiral Insurance for 14 years, [3] and was formerly head of business development at Confused.com. [4] Parsons was replaced as CEO by Jon Morrell following a takeover by insurance company esure in March 2015 [3]
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