A Google spokesman couldn’t be immediately reached for comment. An official announcement from Google is expected to be made on Tuesday.

“It was a bit shocking today to hear that they are exiting,” Compare.com CEO Andrew Rose told Insurance Journal.

Rose said he was told it was a global exit, and that Google Compare isn’t just exiting the insurance business but also credit cards, banking products, the mortgage products in the U.S. and the U.K.

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