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The bigger picture.

If you are about to acquire a brokerage, you must assess how it will fit in with your own business. The best place to begin is an investigation of what it could mean for staff, says Jennifer Jarrett.

The new employment laws are a nightmare. They are complex, woolly and
constantly changing, but it is essential for the employer to come to terms
with them. The insurance market is currently undergoing many mergers and
acquisitions. Frequently in negotiations, staff and staffing issues are
low on the list of priorities. This may not be the best or safest policy
to adopt when looking at a potential acquisition. Two main concerns should
be considered: the business issues and the liabilities that are

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Pet insurance managing general agent ManyPets has confirmed a customer was contacted by an X account impersonating its brand and has issued a warning on how increasingly convincing scammers can appear.

Aviva responds to Direct Line’s £10.6m fine

Aviva has confirmed it was fully aware of the ‘historical’ accounting errors that have led to the Prudent Regulation Authority hitting Direct Line Group with a £10.6m fine and stated there will be no impact on the integration or the financial benefits it expects from the takeover.

PRA fines Direct Line underwriter £10.6m

The Prudential Regulation Authority has fined UK Insurance Limited, a subsidiary and principal underwriter of Direct Line Group and now part of Aviva, £10.625m for a miscalculation of its Solvency II balance sheet during 2023 and 2024.

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