Reductions of 15 to 20 per cent in the price of holiday and investment property insurance has been triggered after the arrival of a new competitor called Benchmark Underwriting.
“They're new, aggressive and they've really shaken up the market,” said Sinead Egan, business development manager with insurance broker www.123.ie. Home insurance has also fallen by about 10 per cent since their entry. “Since they've started, the main insurers, with the exception of Eagle Star and Hibernian, have...
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