5,000 broker jobs at risk

Almost 5,000 broker employees could lose their jobs as a result of the slowdown in the UK economy, a report warned. The research, by Plimsoll Publishing, found that in the 1,730 largest brokers in the UK almost a third would be axing staff. The cuts were attributed to declining turnover and rising salaries.

Syndicate 2001 rating upgrade

AM Best upgraded Amlin’s Syndicate 2001 rating to A+ (superior) from A (excellent).