Miles Smith exits guarantee market.

Lloyd's broker Edgar Hamilton Group has bought the guaranteed agency
business of Miles Smith, which is facing debts of over £470,000 following
the collapse of an introducing motor intermediary.

Last month, Romford-based intermediary GB Financial Planning went bust
after failing to collect premiums on motor policies issued directly by
Highway and Zenith. As guaranteeing broker, Miles Smith - part of the
Greatminster Group - was left to pick up the debt.

David Milne, managing director of the

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