It seems that the middle ground where Insurance broking is concerned is very much alive. Despite national brokers trying to purchase the bigger regional broker, with multiples so low, is it not worth selling out, not only that the regional brokers are pound for pound stronger that most national brokers.
If the main can also offer personal service to commercial clients that the bigger broker groups, there clients can also rely on staff being more continuous.
As nationals are either making staff redundant or many are leaving after being taken over. So both in commercial and retail insurance business regional brokers are leading the way and without the massive debt burden that the national brokers are carrying. Certainly on product ranges such as financial times I.e Directors and Officers Insurance, Professional Indemnity Insurance, Prospectors covers, Charities and Trustees Insurances, Financial raps etc and supplementary insurances such as office insurances and public liability can also be offered via the regional brokers and at very competitive costs.
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