Share fall 7% amid latest takeover development 

The owners of uSwitch have called off their bid for Gocompare.

ZPG, owner of property website Zoopla and uSwitch, have confirmed it will not be going ahead with any bid.

As reported in Insurance Times, Zoopla had attempted a £460m bid which was rejected by GoCompare.

The abandoning of the bid saw the share price fall from 107.75 on Thursday to 100.25 today, nearly a 7% fall.

Although ZPG did not reveal the thinking behind the bid, it could have used GoCompare to bolster general insurance products on its site and transfer more non-insurance products onto GoCompare. 

GoCompare was spun off from Esure earlier this year. Esure founder Peter Wood called the ZPG bid ‘highly opportunistic’ and said it undervaluled the business. 

 

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.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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