Stakeholding - Insurer stakes can assist independence
Amlin, the specialist insurer and reinsurer, has bought a 19.9% stake in Bradford-based commercial broker TL Dallas for an undisclosed sum, writes Andrew Tjaardstra
The latest insurer-broker minority stake deal signifies the intent of some insurers to help keep brokers independent and to make them more likely to reject the overtures of the consolidators.
Commenting on the deal, a spokeswoman for Amlin said: "This is a logical step; we value TL Dallas' independence and want to support it in this way. We will jointly develop new product lines for its customers and expand our distribution. It is important that it remains independent. We are seeking to balance
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