IAG UK to lose 5% of broker partners in recovery plan
IAG UK's largest business Equity Red Star is set to shed around 175 of its broker partners and withdraw from the majority of its aggregated business, as it plans its recovery from a "significant deterioration" in its claims experience.
Its Australian parent IAG revealed its intention last week, after ploughing A$365m (£207m) into its UK claims reserves, following an increase in personal injury claims for the beginning of 2010
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