IIB set to enter premium finance sector for brokers with over £1m requirement a year
The Institute of Insurance Brokers plans to launch into the premium finance sector, following a tria...
The Institute of Insurance Brokers plans to launch into the premium finance sector, following a trial facility with an unnamed provider, for brokerages with a funding requirement of £1m or more a year. Under the new initiative, brokers would set up their own separate subsidiary companies and run their own premium finance operation.
Andrew Paddick, director general of the IIB and chairman of Broker Direct, said: "If you run your own company, you have full control. You can build up a company that
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