New network name revealed

Broker Direct is set to launch a new network after securing capacity with five leading insurers, Insurance Age has learned.

A source close to the network indicated that it would target brokers at the smaller end of the market and would look to occupy the same space as Broker Network and Cobra. The source believed that they could secure as many as 100 members.

Branded as Our Network, it is understood that it will be based on compliance, access to Lloyd’s, enhanced commissions from its panel of insurers and provision of products via its own websites which will be in the same mould as operations such as iprism.

The

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

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.

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: