Co-op insists sale decision "will not change" broker relationships
The Co-operative Insurance has claimed that the announcement it is up for sale "will not change the very important commercial relationship" it has with brokers.
The Co-operative Group today confirmed its intention to sell its GI business and several parties have already been linked with a swoop for the insurance arm.
Brokers represent around 20% of business for the Co-operative Insurance across home and motor.
The five brokers it works with are BGL, The AA, Saga Kwik-Fit and BDML.
However, the insurer insisted that it remains "committed" to its broker channel and is currently contacting all brokers about the decision to put it up for sale.
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