We cherry pick the stories of the week
Private equity group Clayton Dubilier & Rice has been tipped as a buyer for RAC after insurancetimes.co.uk revealed it is being sold by parent Aviva.
Aviva chief Andrew Moss has ruled out selling any part of the business to rival RSA. “We love being in both the general and life insurance business, so we have no plans to change that,” Moss told City AM.
Former RSA UK chief Bridget McIntyre has picked up €80,000 (£70,000) for her work as a non-executive director with Ageas.
John Nelson, chair of property firm Hammerson, is said to be a front-runner for the role of Lloyd’s chairman. Current chair Lord Levene is to step down this year.
Roger Price, victim of the Ideal Insurance fraud, told of his disappointment with brokers after being fleeced by conmen Neil McKay and Faron Wilson. “I’ll never trust an insurance broker again,” he said.
AXA Personal Lines research shows exaggerated home insurance claims are costing every home about £13 a year on their home insurance premiums.