Video: Succession planning (4) – the range of funding options

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The different sources of funding for MBOs or selling up and leaving the business come under the microscope.

Phil Bayles, chief distribution officer, intermediaries, at Aviva says there are 101 options for brokers in the market looking for funding.

"We do see a lot of demand for MBOs, people wanting to pass the business down ... to members of their family or other management," he states.

From bank finance and private equity to crowd funding and more, Bayles address the constraints and bonuses of each option along with the mind-set needed to make each a success.

He reveals that the insurer has been

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Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

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