News review: May

Giles was reported to be looking to channel as much as 40% of its business through Ink Underwriting. Sources close to the broker claimed that it was taking the step to improve the level of commissions it was receiving in the market. Giles acquired Ink alongside fellow Rayleigh company PDT Insurance Consultants last June.

A new brokerage targeting the over-40s was launched with the aim of hitting the £100m gross written premium mark by 2013. Newmarket-based Renew Insurance Services went live on Go

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