Annandale will retain its name and staff.
Seventeen Group has bought Annandale Insurance Brokers in Dumfries for an undisclosed sum. Annandale was started in 1977 by Alex McEwan and is a partnership that handles about £3m gross written premium...
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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