The Joint Provisional Liquidators (JPLs) of Independent Insurance have confirmed that the compromise deal will proceed.
The deal provides for the payment of time-on-risk premiums and commi ...
The Joint Provisional Liquidators (JPL's) of Independent Insurance have confirmed that the compromise deal will proceed.
The deal provides for the payment of time-on-risk premiums and commissions due on returns premiums to Independent Insurance.
Liquidator Dan Schwarzmann said: "I am pleased that we have been able to achieve a market solution, which has only been made possible by working closely with the broking community.
"I would like to thank the brokers, and in particular the broker representative group, for their efforts in bringing about an acceptable compromise."
The JPLs are now in the process of countersigning agreements and these will be returned to brokers by the end of the month.
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