Network says move will ensure independence.
Towergate has revealed a deal in its annual results for 2015 to sell Broker Network to Highbridge for £46m. David Ross, CEO of Towergate confirmed: "We have agreed to sell a majority interest in Broker...
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.