Broking Break: Your Top Five

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Products and changes in capacity arrangements were the favourite stories of the past week while GRP’s biggest ever UK retail broker buy topped the charts.

5) Biba launches insurance schemes management facility with MGA
The British Insurance Brokers' Association (Biba) has launched a new facility with Accelerate Underwriting which it said enables members with non-standard commercial business to access UK A rated insurance capacity.

The web-based facility, from the managing general agent (MGA) offers an alternative where existing broker schemes have grown beyond the manual processes in place, Biba said.

4) Iprism teams up with Qatari

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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