Reassured takes £13.1m commission clawback hit after policy cancellations

Reassured has blamed accounting errors related to commission clawback from cancelled policies as it took a £13.1m hit to its operating profits, which included swinging to a loss of almost £6m in the 2022 financial year. The broker firm’s results for the 12-month period, originally filed on 24 October 2022 with Companies House, stated an