ibuyeco Green Car Insurance Offsets the Annual CO2 Emissions of an Entire Town

100% Offsetting Plus Competitive Pricing a Hit With Customers

LONDON, November 6 -- Since its launch on World Environment Day in June, ibuyeco customers have now offset over 25,000 tonnes of CO2 as part of their car insurance policies. ibuyeco combines a competitive insurance quote and 100% offsetting(1) of a car's CO2 emissions compared to other 'green' insurance schemes which merely offer to offset 20%(2).

The 25,000 tonnes that have been offset are the equivalent to the annual CO2 emissions of 4,464 UK households (based on 5.6 tonnes of CO2 per home). That is roughly the equivalent to the population of Ilfracombe, Devon.

ibuyeco recently announced that for a limited period, there will be a reduction in the additional offset fee which is added to the car insurance quote to compensate for the annual CO2 emissions of the vehicle. These emissions are calculated according to DEFRA (Department for Environment, Food and Rural Affairs) guidelines and are based on the car's engine size, fuel type and annual mileage. The average additional offset fee now stands at a mere GBP2, making it even easier for customers to help save the planet.

The 25,000 tonnes of CO2 that have been offset since launch have been done so in conjunction with the leading CO2 offsetting company, The CarbonNeutral Company (TCNC). TCNC funds energy efficiency and renewable energy projects at home and abroad. All TCNC projects are independently audited by KPMG for consumer's peace of mind.

Lucy Bailey, Marketing Manager, ibuyeco commented: "We are delighted with the response so far and ibuyeco seems to resonate strongly with consumers. With UK road traffic accounting for twenty five per cent of all CO2 emissions there was huge demand for an insurance product that helped counteract the damaging effect our every day use of the car was making. ibuyeco is a practical step for people to make whilst also giving them a competitive insurance quote."

(1)100% carbon neutral based on information provided during the quote

(2)ecoinsurance from CIS Cooperative Insurance offsets 20% of the car's emissions.

- Data supplied by the Edinburgh Centre for Carbon Management working with The Carbon Neutral Company.

- National census 2001

Notes to editors:

- The CarbonNeutral Company is the world's leading full service carbon management business, enabling businesses and individuals to tackle their climate change impacts in a way which delivers value - commercial, environmental, personal. Clients include: Silverjet, Avis Europe, Honda, Berkeley Homes, Barclays Bank, BSkyB, Crystal Holidays, Royal & Sun Alliance, Volvo, Lex, Radio Taxis Group, Euro RSCG, Ricoh, and Bovis Lend Lease.

- In London alone, 2.3 million tonnes of CO2 are produced each year from London road traffic, equivalent to a jumbo jet flying to the moon and back 71 times.

- Ibuyeco was launched by the BGL Group Ltd on World Environment Day 2007.

The BGL Group was founded in 1992 and has grown to become one of the UK's largest personal lines insurance intermediaries, through a combination of organic growth and a series of major strategic acquisitions (the last major acquisition was five years ago).

The Group now arranges and administers insurance for over 1.7 million customers, has contact centre operations (Fusion) in Peterborough, Coventry, Sunderland, Peterlee in the UK, and Cape Town, South Africa, and a number of websites, including - http://www.ibuyeco.co.uk and http://www.comparethemarket.com. The Group currently employs over 2000 people with its head office in Peterborough.

As an intermediary, the Group is able to access a wide range of underwriters, making it highly competitive in the marketplace offering core products such as motor, home, commercial vehicle and motorcycle insurance. The Group also offers a wide range of supplementary products, which include breakdown cover, legal protection and travel insurance.

ibuyeco is a trading name of BISL Ltd (part of the BGL Group) authorised and regulated by the Financial Services Authority.

Registered Address: Pegasus House, Bakewell Road, Orton Southgate, PE2 6YS.

Registered in England no 3231094

For more information or images of Ilfracombe, please contact: Georgina Coates - georgina.coates@threepipe.co.uk, +44(0)20-7632-4805; Peter McAllister - peter.mcallister@threepipe.co.uk, +44(0)20-7632-4811