November is the cruellest month

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Fears of spiralling market conditions sparked as spate of unfortunate events hit brokers

November saw brokers facing all manner of difficulties. Towergate reported big losses in its quarterly results, Oxygen and THB were sold and Bluefin faced the ignominy of Hiscox cancelling its agency agreement questioning the broker’s impartiality.

These are just a sample of the industry upsets, so the question must be asked, are these incidents symptomatic of a wider problem running through the market, or is it mere coincidence?

The timing of these events, which came one after another in a

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Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

GIC completes Miller deal

Institutional investor GIC has completed the takeover of Miller, buying out previous co-investor private equity house Cinven.

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