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NU and Axa refuse renewal despite 'fire-safe' assurance.

Insurance giants Norwich Union and Axa have reportedly refused to renew policyholders' construction ...

Insurance giants Norwich Union and Axa have reportedly refused to
renew policyholders' construction cover over fears for the safety of
composite panels as a building material. These panels - in which an inner
layer is sandwiched between outer layers of a different material - have
been approved by the Loss Prevention Council.


Mark Radburn, marketing director of the Willis Network, confirmed that two
brokers have reported problems with this issue. One of them, Phillip
Tuckwood, director at Smith and

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Yutree outlines plans after MBO

Laura Hancock, managing director of Yutree Insurance has outlined plans for the future following a management buyout, including opening an office in Norwich.

Should you sell your broking business to an Employee Ownership Trust?

Tax-efficient exit strategies and staff incentivisation have become hot topics among broker leaders since the recent increases in Capital Gains Tax and Employer National Insurance. In the second part of a series focused on the fallout from the 2024 Labour Budget, Catherine Heyes examines how broker owners can use Employee Ownership Trusts to respond to these developments.

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