Close Brothers to end non-recourse products for Gefion Insurance

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Close Brothers Premium Finance will only write recourse policies for Gefion Insurance-backed products from 1 November 2018, Insurance Age can reveal.

In a letter to brokers seen by Insurance Age, Close Brothers wrote: “Whilst we do not want to limit the choice of insurers for both our brokers and customers, Gefion is a relatively new insurer and we have a fast-growing exposure to them, which we want to limit.”

Close Brothers also confirmed the change would affect any insurance through Gefion

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