Motoring on

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The biggest news this week for brokers was the news that RSA is reducing its personal lines motor book by 35%.

The move will affect 800 brokers, and will lead to the loss of 40 roles in Manchester and Belfast.

The provider of course is sticking resolutely to the line that it “remains committed to the personal lines broker market”.

Mark Allan, RSA's personal lines intermediated managing director, told Insurance Age that the decision to withdraw was due to the fact that “the UK motor market remains incredibly tough, with no signs of improvement in profitability, and nowhere is that more true than in the

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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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