Deal transfers book of 5,000 motorcycle policies to the broker.
Principal Insurance has bought BikeTeam from iGO4 Partners, bringing a book of 5,000 bike policyholders to the group. The Manchester-based broker noted that iGO4 Partners had sold off its motorcycle...
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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