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Insurance Business | 09 Jan 2014, 07:59 AM Agree 0
An insurance company that sold part of its business and retained the other two arms has spoken of its plans for them.
  • John Hallman | 09 Jan 2014, 09:50 AM Agree 0
    I am more interested in what happens to the WFI representatives scattered around the country. I cant see CGU giving them the favours and deals they were getting from WFI
  • ex oamps employee | 09 Jan 2014, 09:52 AM Agree 0
    Reading between the lines!, no one wants to buy.
  • Just An Observer | 09 Jan 2014, 10:35 AM Agree 0
    Agree, it will be interesting to see what happens with the WFI Reps.

    But unfortunately I suspect that CGU will follow similar path to what QBE have done with the Elders.

    Reality is that IAG (CGU) has been paid for the business. So they will have to "manage" transfer.

    Which in practice means that for next 5 to 10 years CGU will have double standards on pricing and risk acceptance just like QBE do with the Elders Reps!!

    Both CGU & QBE say they support brokers but when it comes down to reality it is just talk!

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