MD buys part of Broker Assistance out of administration

john-ralph-broker-assistance

The future of the remainder of the firm, which has entered administration, remains unclear.

Jon Ralph has purchased the company’s motor insurance claims handling arm, Broker Assistance Insurance Services Limited (BAIS) for an undisclosed sum.

BAIS is a motor insurance claims outsourcing business and will continue trading uninterrupted.

Mr Ralph, Chris Parker, head of finance, and 46 members of staff will continue to operate this part of the business. It is not clear what will happen to the other

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