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Insurers come out in support of Network Extra

Network Extra announced that the following insurers have all agreed to be partner risk carriers: Axa Allianz Cornhill Evergreen Underwriting Services Groupama Royal & Sun Alliance Sterling Zurich

The network also stated that other key players - including Ecclesiastical, Fortis and Highway – were in an advanced stage of negotiation, whilst others were involved in “positive discussions”.

In addition Network Extra also announced partnerships with the following service providers:

Broker compliance and training - Richard Sell Consulting Credit card merchant facilities - Bank of Ireland’s euroConex DivisionCredit rating - tradeRadar

Network Extra is also reported to be in the final stages of

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Yutree outlines plans after MBO

Laura Hancock, managing director of Yutree Insurance has outlined plans for the future following a management buyout, including opening an office in Norwich.

Should you sell your broking business to an Employee Ownership Trust?

Tax-efficient exit strategies and staff incentivisation have become hot topics among broker leaders since the recent increases in Capital Gains Tax and Employer National Insurance. In the second part of a series focused on the fallout from the 2024 Labour Budget, Catherine Heyes examines how broker owners can use Employee Ownership Trusts to respond to these developments.

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