Esure's demerger of Gocompare.com has been driven by Solvency II, an EU-wide insurance regulatory regime introduced in January 2016, according to Shore Capital analyst, Eammon Hastings. Esure announced Gocompare.com will be listed as a separate company on the London Stock Exchange and existing Esure shareholders will be given pro-rata shares in Gocompare.com as a dividend in specie. Hastings said that the demerger will have implications for other personal line insurers such as Admiral and Flanagan.
Esure's demerger of Gocompare.com has been driven by Solvency II, an EU-wide insurance regulatory regime introduced in January 2016, according to Shore Capital analyst, Eammon Flanagan. Esure announced Gocompare.com will be listed as a separate company on the London Stock Exchange and existing Esure shareholders will be given pro-rata shares in Gocompare.com as a dividend in specie. Flanagan said that the demerger will have implications for other personal line insurers such as Admiral and Hastings.