Broker consulting with staff about 20 redundancies.
Hughes Insurance is to close six of its 11 branches in Northern Ireland alongside a restructure at company headquarters in Newtownards. The affected branches in Ballymena, Ballynahinch, Lisburn, Magherafelt,...
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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