Going for broking.
Brokers should take comfort from the fact that a direct motor insurer has held its hands up and admi...
Brokers should take comfort from the fact that a direct motor insurerhas held its hands up and admitted that it will make more money as an
intermediary. Budget Insurance's decision to convert from a direct writer
to an intermediary must surely be one of the clearest indicators that
professional brokers are holding their own in what continues to be a very
tough market.
Budget's chief executive, Peter Winslow, was open about the fact that he
could no longer guarantee an adequate return on capital to
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