Needham develops administration and integration service
The new offering is designed to protect policyholders and insurers or MGAs when a broker ceases trading.
Nuneaton-based Needham Insurance Services has unveiled a new administration and integration service aimed at administrators and liquidators working in conjunction with insurers.
The launch follows Needsham’s purchase of Inspire Insurance Services’ £5m portfolio, after the business went into liquidation, as reported by sister title Post. Inspire had previously been ordered to cease carrying out regulated activities by the Financial Conduct Authority.
Needham said the new policy administration
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