The Blog Spot: Do you remember when a broker last went bust?

The sad fall of Staveley Head causes Siân Barton to pause and ask ‘when did this last happen to a broker?'

I’ve worked in the world of insurance – albeit on the fringes as a journalist – since about July 2014.

As I approach six years in the market I cannot recall many cases like Staveley Head.

The Wales-based motor broker called in Duff & Phelps as administrators last week, redundancies were made and a fire sale initiated.

Of course, a handful of broker businesses have gone bust since 2014 but the only one I can specifically recall is Ignition Select which hit the buffers in 2017.

And some