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Editor’s letter - May 2012

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“The real concern for brokers is that all this change creates a deep sense of uncertainty”

For brokers, times have seldom been so interesting. Not necessarily good, but interesting. There has been plenty of activity on the insurer side of the market and this activity has been characterised by variety.

Some insurers are exiting the market altogether, with Brit being snapped up by QBE  and Groupama still looking for a suitable buyer for its UK operation.

RSA has reaffirmed its commitment to reducing the size of its broker panel in order to focus on a smaller number of profitable

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MBP takes minority stake in £32m GWP broker

Insurance investment vehicle Minority Broker Partnerships has acquired a minority stake in Caleb Roberts Insurance Services, an independent agricultural and rural insurance broker operating across Mid Wales, Herefordshire and Shropshire.

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