While Phil Bunker and his ABC Insurance team are helping smaller brokers to grow, it seems they’re doing it by taking some weight off the ‘big’ brokers.

Bunker recently challenged Paul Cosh, managing director of Hero Insurance Services, to reduce his size.

Well, Cosh was already on a diet and Bunker didn’t believe it would work. So a large wager was struck and Backchat learns that the money will shortly be travelling from Croydon to Brentwood where Cosh’s transformation has taken place.

Backchat couldn’t discover the size of the bet, but understands that Cosh’s weight loss is equivalent to the sort of percentages that brokers used to be paid by insurers.