What do you mean by Composite Broker?

Question

Insurance Broker can sell products of a number of insurance companies, but what is the main meaning of composite broker?

Answer 1

Composite Broker means he can sell both life and non-life products.

Answer 2

A composite broker means an insurance broker who arranges insurance companies and/or reinsurance for his client. He performs the functions of both the direct broker as well as the reinsurance broker.