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Members concerned rival insurers may pull out

Bankhall members fear other insurers may pull out of dealing with Bankhall now that Skandia has bought out the group.

Members are waiting to see how other insurers react to the deal and whether their commercial relationships with Bankhall will change.

Bankhall member McMullen Insurance Brokers director Chris McMullen : "It remains to be seen what attitude other insurers will have towards Bankhall now. We will have to see how the dust settles and if we felt we were going to lose out we would have to rethink whether we carry on with them. The real danger was that Bankhall would have gone to another network."

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