Group delivers an 85% COR.
Hiscox has revealed a 10.7% increase in gross written premiums to £1.94bn for the year ended 31 December 2015. The rise came as the profit after tax dropped 3% to £209.9m (2014: £216.2m). The provider...
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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