Listed car distribution group Inchcape is to set up a joint venture with motor vehicle breakdown service the Automobile Association to sell new and used cars.
The initial investment in the venture will be £4m, with the AA, which is owned by gas and services group Centrica, holding 70% and Inchcape 30% of the equity.
The venture will offer new and used cars to UK buyers, as well as financing options and other motor related products.
Centrica said the venture was part of its strategy to widen the range of motoring activities provided by the AA.
The venture will be launched in the first quarter of next year.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
