Changing places

Insurance Age offered a broker and an underwriter the chance to spend a day discovering exactly what each of their roles entailed and it gave both of them plenty of food for thought

Paul Afteni is an associate director at Alexander Forbes Professions.
I joined Markel International's professional liability underwriting team at 9am to find them already in full flow reviewing all the quotes that had been produced during the previous day. Any preconceptions that I may have had about the main work of Lloyd's underwriters were well and truly swept away by 10:30am when Lloyd's first opens its doors.

My perception was that underwriters more or less spend the day doing quotes, where

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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