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Start-up boss aims to counter negative consumer view of large insurers

bought-by-many

The CEO of a new online start-up believes that the appetite for insurers to diversify their books could trigger growth in social media-derived cover.

Bought By Many was launched on 17 December "around the idea that individuals are taken advantage of by large insurers", according to Steven Mendel, co-founder and chief executive.

"We are trying to

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McGill sold to EQT for £2bn

McGill and Partners and private equity firm EQT have entered into a definitive agreement in which the latter will acquire a majority stake in the former for $2bn (£1.5m).

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For insurance brokers, Andy Lewis, head of people proposition at Hedron Network, says the artificial intelligence debate has shifted from whether to adopt the technology to how to embed it safely, practically and strategically so it delivers lasting value.

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