Insurer says loss is due to storm and flood losses.
Zurich has revealed an operating loss of £62m for its UK business, compared to profits of £214.9m in 2014. The provider stated: "The 2015 loss is almost exclusively due to the exceptional volume of...
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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