Broker Network has flexed its muscles in the UK insurance space by announcing the formation of a five-strong panel of ‘strategic insurer partners’ that includes a host of industry heavyweights.
Ageas,
Allianz,
AXA,
RSA and NIG have been selected for a long-term partnership with the network, alongside
Arista and Fusion, AIUA & BIBU, as the network’s strategic MGA partner.
The idea behind the formation of the strategic panel is that the firms will work with the network on the development of bespoke products and propositions, while giving its members access to enhance trading capabilities, agencies and improved service levels.
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“All of our members are able to benefit from the collective strength of the Network but have the ability to retain their independence within their preferred markets,” said Andy Fairchild, Broker Network CEO. “Now that we have a clear direction and a new strategic panel, we believe the improved products, margins and service will benefit both the members and insurers alike.
“The values of each of our strategic insurer partners are closely aligned to ours and will allow us to deliver unrivalled access to the regional independent broking community. All have been close supporters of the network for a number of years and each has a track record of helping our members grow, thanks to their broad market footprint. I’m excited to begin working together to invest in the development of exclusive products and enhancing our propositions.”
The network already has long-term insurance partnerships with the likes of LV=,
Zurich,
Hiscox, Markel and
Ecclesiastical.
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