Hub moves to consolidate London trading relationships

Top 10 US retail broker Hub International is conducting a formal
bid process to narrow the panel of London wholesalers it trades
with, in a move that will create major winners and losers in EC3,
The Insurance Insider understands.
Sources said that Hub would look to place all of its London
business - equivalent to around $1.2bn in premium - through three
to five wholesalers.
This would shut out the more than 20 brokers it currently
corresponds with, and continues...