Gauntlet Group switches broker networks

New partner "wholly aligned with our markets and thinking," says MD

Gauntlet Group switches broker networks

Insurance News

By Terry Gangcuangco

Appointed representative network principal Gauntlet Group has moved from WTW Networks to Brokerbility.

“We need to ensure that our appointed representatives are fully equipped to become the go-to insurance resource in their communities, whether those ‘communities’ are geographically or niche-sector based,” Gauntlet Group managing director Roger Gaunt (pictured) said in a release.

“We need our appointed representatives to have the strongest opportunity to compete in local and UK-wide markets, and believe Brokerbility’s various schemes will be of major advantage to our dedicated startup, established, and de-authorising brokers.

According to its announcement, the Leeds-headquartered AR group is looking to tap into the “ever-increasing” buying power and access to managing general agent schemes that Brokerbility provides.

Gaunt said: “We also feel the access to market we can secure, thanks to Brokerbility’s buying power, will be a real growth catalyst for those account executives joining us through Gauntlet Brokerage Builder and wanting to get off to a fantastic start, in their ‘try before you fly’ 22 months – a period in which they will build their future independent brokerage, while being employed by Gauntlet.

“We are wholly committed to driving the local broker renaissance and wanted to be a member of a network that matched our energy and was wholly aligned with our markets and thinking.

“Our appointed representative proposition has evolved phenomenally in the past 18 months, and we needed to ensure everything was in place to allow our brokers to present a compelling proposition to prospective clients every time they pitch. By joining Brokerbility, we believe we are providing them with a new dynamism and strong competitive advantage.”

Meanwhile, for Brokerbility managing director John Dunn, the new partnership is a significant landmark as it will allow Brokerbility, through Gauntlet Group, to offer what he described as a “fantastic” startup and AR proposition to prospective members.

He went on to comment: “At the same time both Gauntlet, as a commercial insurance broker in its own right, as well as all of its appointed representative members, will join Brokerbility and benefit from our influence and a range of added-value services. This partnership brings together two insurance players that share a passion for helping brokers exceed their business goals.”

Earlier this year, Brokerbility introduced a new membership framework that spans foundation partners, core partners, growth partners, launchpad partners, and affiliate partners.    

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