NU looks to collect personal lines books
Brokers that want to exit personal lines can now sell up to Norwich Union. NU has launched a ne...
Brokers that want to exit personal lines can now sell up to NorwichUnion.
NU has launched a new scheme in which it will buy regional brokers'
personal lines books, dispersing the business into its direct arm. NU is
also offering to take over brokers' personal lines administration, paying
brokers an introducer fee for the business.
NU is taking a tough line on intermediated personal lines, insisting that
brokers continuing to trade this type of business do so via electronic
data interchange. NU will
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