MGA stops underwriting and passes book to broker
Centrix Underwriting Management Ltd is passing its customers and renewals over to a broker, Insurance Age understands.
Centrix will pass the existing client book and renewals to Brian Thornhill & Son Insurance Brokers Ltd.
“The shareholders of Centrix Management Ltd have decided to withdraw from underwriting in an orderly manner,” a communication from the company, seen by Insurance Age, said.
It added: “There is no fee involved in this transfer but Brian Thornhill & Son Insurance Brokers Ltd will be responsible for all the costs of servicing the existing and ongoing book and will be entitled to receive any
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Broker
SRG looking east for expansion with new backers
Specialist Risk Group is eyeing up buying in Europe and Asia, CEO Warren Downey has confirmed to Insurance Age.
Broker Expo registration opens as UK Broker Week 2024 launches
Today Insurance Age launches the second ever UK Broker Week, with registration for Broker Expo on the 10th October at the Birmingham NEC now open.
NFP buys human resources and health and safety business HELPGB
NFP has bought human resources and health and safety business HELPGB based in the Midlands, to strengthen its HR and safety capabilities.
Biba 2024: Pen’s Nick Wright on staying disciplined and kissing frogs
Pen Underwriting’s chief development officer Nick Wright tackles consolidation in the managing general agents market, the risk of disintermediation for brokers, and the opportunities from artificial intelligence.
PCH makes three acquisitions in three months
Premier Choice Healthcare, the health insurance intermediary owned by Brown & Brown, has completed three deals in three months.
Brown & Brown retail CEO Carter exits
The CEO of Brown & Brown’s retail division Duncan Carter has left the business, Insurance Age can reveal.
Specialist Risk Group gets two new backers as HGGC sells up
Private equity house Warburg Pincus and Singapore government-owned investor Temasek have partnered to buy Specialist Risk Group from HGGC.
Wallace: QBE reaping benefits of focus on ‘holy grail of service’
QBE’s consistency and lack of upheaval in contrast to some of its peers has helped it become a “viable alternative” for regional brokers.
Most read
- Industry pays tribute to former colleague Geoff Kitchen, who died on Singapore Airlines flight
- Biba 2024: Work from home being used as a ‘bargaining chip’ in luring broker talent
- Biba 2024: Aviva not afraid of ‘tough’ conversations, but ‘categorially’ committed to broker PL, says MD Morris