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Are you a profit driver or destroyer?

Insurers traditionally look carefully at their distributors when markets turn from soft to hard. Mos...

Insurers traditionally look carefully at their distributors when markets turn from soft to hard. Most local branches will put an action point in their plan to look carefully at brokers that are producing consistently poor results and then take a crude approach to solving the problem. This may mean cancelling the agency but more often is a combination of individual-case underwriting, and a close examination of commission and sectors of the business. It can be painful for the broker, especially if

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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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