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Confused.com appoints new CEO

Date: 15 September 2017   |   Author: Daniel Puddicombe

Cost comparison website Confused.com has appointed Louise O'Shea as its new chief executive officer.

O'Shea succeeds Martin Coriat, who left the business in July to take on the role of CEO of Confused.com's sister website LeLynx.

She steps up from her previous position of finance director at the brand. O'Shea has spent nearly a decade working for Confused.com's owners, Admiral Group, in a number of different positions, including investor relations and international business development director.

Although Confused.com is owned by the insurance giant, it claims it does not favour Admiral products, with the price comparison website being treated as an impartial and independent business.

"We don't promote any Admiral Group insurance brand over any other competitor," reads a post on its website.

Although Confused.com is most well-known for its car insurance comparisons, the Cardiff-based business can compare car finance, home insurance, travel insurance, pet insurance, life insurance, gas and electricity, and other personal finance services, as well as van and motorcycle cover.

"Confused.com pioneered the comparison of car insurance in the early 2000s and today we are obsessed with providing better access, choice and savings for more motoring products than anyone else," said O'Shea. "I am honoured to be given the opportunity to lead Confused.com's committed, talented and driven team. And I'm looking forward to working with our partners to bring even more ways of shopping and saving to our millions of customers."

She added: "Martin was an exceptional leader for Confused.com and he will be greatly missed. Thanks to Martin, but most importantly, thanks to the staff, customers and partners of Confused.com for their continued support in the years to come."

In July, the firm estimated that car insurance prices are on track to surpass the most expensive rates yet.

Average premiums stood at £847, according to the firm's Q2 car insurance price index, just £11 short of the most expensive premium on record, recorded six years ago.

Confused.com said car insurance premiums have risen by 8% (£66) over the last quarter, the largest quarterly rise since Q3 2010.T he hike is being put down to the Ogden rate cut, which sees insurance companies paying out more for personal injury claims, and an increase in Insurance Premium Tax in June.

These rises have also caused car insurance prices to increase by 18% (£132) compared with this time last year, which confused.com claimed is the largest monetary increase in six years, with the firm speculating that premiums could surpass the £1,000 mark by 2018.



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