Three brokers also in the pipeline

Broker Network has backed two new start-up brokers, as the battle to attract entrepreneurs into the broking sector intensifies.

Kenilworth-based Baker Jayne Insurance Brokers and Glenavon Insurance in Edinburgh have become full members of the network and will be given support on compliance, insurer agencies and handling client money.

The development comes after Welsh broker Moorhouse last week launched its own offering for start-ups, Moorhouse Enterprise, joining the long list of firms hoping to attract new brokers.

But Broker Network chief executive Grant Ellis hit out at rival offerings, claiming the network’s own package “is without doubt market leading”.

“We want to ensure that Broker Network is the natural home for individuals or teams looking to start out on their own, as this fits in perfectly with our ethos of championing the cause of the independent broker,” he said.

Broker Network currently has five start-up brokers in its membership, controlling more than £10m in gross written premium. It has a further three brokers in the pipeline.

Baker Jayne Insurance Brokers’ Alan Jayne added: “The complete package offered by Broker Network has enabled us to swiftly proceed though an otherwise painful process in order to get our business off the ground.”