Bring home the business
Keith Wardell calls on brokers to consider which insurer partners are the safest - firms that are registered in the UK and come under the jurisdiction of the Financial Services Authority or offshore companies?
Sky-high commissions and low premiums from offshore insurers may look very attractive, but a broker's responsibility and best interest lies in doing the right thing for both customers and the UK insurance industry. Most importantly, however, that means placing business with well-regulated insurers.
No doubt there are some good companies in offshore havens such as Gibraltar, the Isle of Man and, what appears to be the latest hotspot, Malta. However, this is worrying as many of the insurers in
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