Underwriter will provide exclusive capacity for sports broker.
Accelerate Underwriting has agreed a three-year deal to provide exclusive capacity for The JRW Group which is a broker that operates in the sports sector. JRW's book covers the likes of cyclists, golfers...
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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