Chaucher aims to grow car insurance business

Fri, 19 Nov 2010

Chaucer will expand its UK car insurance operations as part of an ambitious new growth strategy.

According to the provider, the push into the car insurance market will involve a "significant" presence on price-comparison websites.

Indeed, it hopes to balance its exposure to the catastrophe business.

Despite this, the firm says its core business remains the 27 specialist London classes.

"A key focus of the management team over the past few months has been to ensure we have the strategy and resources in place to make the most of our core strengths as a business going forward," explained chief executive Bob Stuchbery.

He added: "We firmly believe we are now better positioned to meet the developing needs of our markets, to deliver a superior return on capital and to build enduring value for our shareholders."

This comes after confused.com warned that drivers taking risks with the speed limit could end up paying up to 27 per cent more for their premium .
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