Compliance and network business aiming to get up to 750 brokers on its books
Total Broker Solutions (TBS), the compliance and network provider, is aiming to expand its membership from 450 to between 650 and 750 brokers within the next three years, according to managing director Mark Wood.
TBS consists of UKGI, which supports brokers with compliance issues, and UKGI Services, which performs the wider role of a traditional network. Both are chaired by Bob Beckett.
TBS was bought earlier this year by underwriting agency UK General Insurance Group, and Wood said the new owner would support membership expansion through investment.
“It is going to support us going forward. It views it as an investment in its own right and a distribution channel,” he said.
He said UKGI had two new insurers lined up to join the panel, which currently includes AXA, Hiscox, Chubb, Home and Legacy, UK General Insurance Group, Premium Credit and Close Premium Finance.
Before joining TBS in March, Wood was managing director of Broker Network.
Former AXA chief executive Peter Hubbard is non-executive chairman of TBS.