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Marsh worried about EL 'time-bomb'

Marsh's Annual State of the Market Address put employers' liability(EL) at the top of the agenda, wi...

Marsh's Annual State of the Market Address put employers' liability(EL) at the top of the agenda, with chief executive Mike Hammond describing it as a "ticking time-bomb".

Speaking to an audience of insurers and brokers, Mr Hammond said: "Unless something is done about EL, there is going to be real trouble ahead."

His view was backed by Mike Jones, head of UK retail placement at Marsh,who commented: "EL and directors and officers cover remain major issuesfor UK business - so much so that we are

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Yutree outlines plans after MBO

Laura Hancock, managing director of Yutree Insurance has outlined plans for the future following a management buyout, including opening an office in Norwich.

Should you sell your broking business to an Employee Ownership Trust?

Tax-efficient exit strategies and staff incentivisation have become hot topics among broker leaders since the recent increases in Capital Gains Tax and Employer National Insurance. In the second part of a series focused on the fallout from the 2024 Labour Budget, Catherine Heyes examines how broker owners can use Employee Ownership Trusts to respond to these developments.

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