20 Years ago: Eagle Star to be boycotted
Eagle Star will be boycotted by the 700 members of the Institute of Insurance Brokers if it does not agree to stop undercutting brokers through its direct underwriting arm. IIB director general Andrew Paddick is writing this week to all members to inform them that Eagle Star was chosen for the embargo by brokers who attended the trade body's national conference in Birmingham at the weekend.
At the conference, Mr Paddick said insurers would be picked on one at a time so the boycott would be most effective. Other insurers likely to be targeted later include Royal & Sun Alliance, Norwich
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