Sep 12, 2017

AA confirms it had held merger talks with Hastings

The AA has confirmed it held talks about merging its insurance division with rival Hastings in early summer. The discussion was held around the time the motoring organisation sacked its chairman, Bob Mackenzie. The Financial Times reports it was those talks that lead to a violent disagreement between Mr Mackenzie and its insurance chief Michael Lloyd. Mr Mackenzie had been the AA's executive chairman since June 2014. "In a statement it said:"The board confirms that the company did have preliminary discussions with the AA regarding a potential partnership with its insurance division, which have ceased.

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