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Elite don't actually do a lot of the underwriting - its done under a binding authority with a firm called Inperio who take a hefty chink in commission, profit share etc.
elite had a few Friday afternoon fraud claims that costs them a lot of money and given that the rated insurers dropped their pricing last year it was only a matter of time before they pulled the plug.
at my firm of brokers, we were saying that this would be Elite's last year in the solicitors PII arena

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