The demerger of price comparison site Gocompare.com from insurance providers esure Group has been selected as Insider’s November Deal of the Month. In a move that will be welcomed by many consumers, the company announced today it is changing its name to Insiders Insurance Group. After a strategic review, Gocompare will now trade separately on the London Stock Exchange as Gocompare.com Group. Insider news editor David Casey said that both companies would be able to focus on their individual strategies as a result of the move.
The demerger of price comparison site Gocompare.com from insurance providers esure Group has been selected as Insider’s November Deal of the Month. Insurers esure took over Gocompare, which was founded in 2006, in March 2015 with a £95m acquisition of a 50% stake in the business. After a strategic review, Gocompare will now trade separately on the London Stock Exchange as Gocompare.com Group. Insider news editor David Casey said that both companies would be able to focus on their individual strategies as a result of the move.