Insurer blames adverse weather for profit decline to £21.4m and COR which deteriorated to 102.0%.
Ageas has blamed adverse weather on falling profits and a deteriorating COR for 2015. Its results for 2015 showed that net profit fell to £21.4m from £80.4m in 2014. The insurer noted weather impacts...
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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