Product category:
General insurance
News Release from: uSwitch | Subject: Insurance
Edited by the Insidemoneytalk Editorial
Team on 23 May 2007
Homeserve and DandG merger would create
a rival heating cover heavyweight
Homeserve's potential £500 million takeover of DandG would reduce the number of major players, but would challenge British Gas in the home and heating cover market, says uSwitch.com
Geoff Slaughter, Energy Product Manager at uSwitch.com, says: "The home and heating cover market is dominated by British Gas - no other company comes near it for size and scope Homeserve and Domestic and General are the nearest contenders so I can understand why some may become jittery at the thought of the two becoming one
"However, a merger might actually be good for competition - it would create a company with enough clout to take on British Gas for its title as number one provider2 and would likely show consumers that there is more than Hobson's choice available to them." Consumers can compare heating cover plans by visiting uSwitch.com.
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