When brokers live in insurers' pockets.
A worrying trend seems to be gathering pace in the insurance market - that is insurance companies bu...
A worrying trend seems to be gathering pace in the insurance market -that is insurance companies buying up brokers. In the past month, we have
seen so-called broker-friendly insurer MMA acquire the entire Swinton
chain from Royal & SunAlliance, while NFU Mutual has increased the number
of brokers it owns to 30, with the purchase of five firms. Meanwhile,
Norwich Union's wholly-owned broker subsidiary, Hill House Hammond
expanded its territory with the purchase of Stroud-based Radbrook &
Company
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