GWP also increases following IPO float last year.
Hastings has posted a 27% increase in gross written premium (GWP) to £614.9m (2015: £475.4m) in its preliminary results for the year ended 31 December 2015. Operating profit also went up to £126.1m...
Calm called for as insurers insist it will be "business as usual" and Biba pledges to represent brokers in Brexit negotiations.
Brokerbility chairman appeals for calm and says brokers need to watch how the insurers will react.
Chris Cowan at market research specialist Clusters outlines five things brokers can do to better understand their clients.
The loss of these rights could see insurers being forced to restructure and face large operational, regulatory and tax costs as they adapt to such a change.