Profile: Lend me your ear

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Clydesdale Bank has developed a reputation for funding brokers with growth and acquisition plans, and the lender is keen to keep on helping brokers, head of insurance Paul Hambrook explains

Keen observers of the broking market will have noticed that Clydesdale Bank is often the name behind loans granted to brokers with growth and acquisition plans.

Paul Hambrook, head of insurance at Clydesdale Bank – which also owns Yorkshire Bank, is the man who sits atop these deals. It would be overstating the case to suggest that he has the power to break brokers but he certainly is in a position to help make them.

“Our financial year end is 30 September,” Hambrook states. “In this financial

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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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