Blog: Unrated insurers - the risks for UK brokers
Over the years European Union rules on the free movement of capital have had many beneficial effects for the UK economy. However, according to Ashwin Mistry, chairman of Brokerbility, this has also allowed insurers with lower solvency than would be permitted in the UK to set up shop.
The inflow of new capacity, often through unrated providers, may seem to some like the answer to a broker’s prayer. The argument is that it allows brokers to offer cheaper premiums for their hard
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