The stories making the headlines this week
Former Tesco and RAC chief executives Sir Terry Leahy and Debbie Hewitt have been brought in by private equity firms Carlyle and Clayton, Dubilier & Rice, respectively, to advise on their competing bids to acquire the breakdown recovery and insurance company.
Roads minister Mike Penning unveiled the £1m, industry-funded TV advert to raise awareness of Continuous Insurance Enforcement, which will make it an offence from next month to keep an uninsured vehicle on the road.
Hastings Direct has appointed Tobias van der Meer as the new managing director of its broking arm Hastings Retail. He joins from comparison website moneysupermarket.com, where he is a managing director.
The government published a consultation paper outlining the framework for the Prudential Regulatory Authority, which will be responsible for monitoring insurers’ soundness.
Hundreds of flights were cancelled across the UK following the eruption of Iceland’s Grímsvötn volcano on Saturday.