June

Broker faces prison A broker is facing prison after admitting selling £10m of policies without any ...

Broker faces prison

A broker is facing prison after admitting selling £10m of policies without any underwriters to back them. John Walker ran Edinburgh-based Tribune Risk Services before the Financial Services Authority discovered that 43,000 personal lines policies had no cover in place in December 2003. Premium finance company Can Do lost around £2m in unpaid settlements and insurer Cox, now Equity, estimated at the time that it cost them £4.5m.

Broker opens new office

A Hampshire-based broker

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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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