Randall & Quilter has agreed to buy Principle Insurance for £4.275m cash.
Principle has been in run-off since October 2009. It was launched and received Financial Services Authority approval in 2008 with the aim of meeting the motor and home insurance needs of the country's...
Experts say that brokers taking on appointed representatives need to be aware of the "huge responsibility".
Businesses must have appropriate processes and supervision in place wherever the AR distribution method is used.
Biba boss highlights that with an appointed rep a firm “is lending its regulatory permission to someone else and with that lending its name”.
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