Home & Legacy, the household and contents broker, has expanded into the motor market.
The company, a subsidiary of Allianz, has lined up insurers Chaucer and Groupama on the panel of its new product, Ultra Motor. Ultra will launch on 1 April.
Barry O’Neill, Home & Legacy’s managing director, said: “We have spent the last year preparing our infrastructure by relocating our business and investing a great deal in technology.
“We have now created the infrastructure that will allow us to grow our business rapidly.”
The high net worth broker has also relaunched its policy wordings for household insurance. The firm is ranked in the top category for its policy wordings by Defaqto, the independent rating service.
O’Neill said the company would continue working predominantly as a wholesale broker. It has 65 employees with its headquarters in London.
Friday, 24 April 2009
Moneysupermarket’s 10% fall
Moneysupermarket.com has said its insurance revenues for the first quarter were down 10% on the same period last year with motor falling but growth in its home insurance business.
It said demand for discretionary insurance in general, including travel insurance, was lower than the same period last year.
The company has cut 80 jobs.
Peter Plumb, chief executive, said: “Trading levels appear to have stabilised over the course of quarter one. As promised at the time of the preliminary results we have taken action to reconfigure our cost base for the lower levels of both demand and supply arising from the current recession. We have also made good progress over a relatively short period of time with our marketing plans and these should deliver benefits in the second half of the year.
“We remain the UK's leading price comparison website and customers remain at the heart of everything we do. We continue to add functionality and products to our site to make it even more useful for customers. I am confident that the successful execution of the group's strategy in 2009 will position moneysupermarket.com for continued long term sustainable growth.”
It said demand for discretionary insurance in general, including travel insurance, was lower than the same period last year.
The company has cut 80 jobs.
Peter Plumb, chief executive, said: “Trading levels appear to have stabilised over the course of quarter one. As promised at the time of the preliminary results we have taken action to reconfigure our cost base for the lower levels of both demand and supply arising from the current recession. We have also made good progress over a relatively short period of time with our marketing plans and these should deliver benefits in the second half of the year.
“We remain the UK's leading price comparison website and customers remain at the heart of everything we do. We continue to add functionality and products to our site to make it even more useful for customers. I am confident that the successful execution of the group's strategy in 2009 will position moneysupermarket.com for continued long term sustainable growth.”
Hastings offer bikers free Personal Accident Cover
Motorcyclists comprise just 1% of road traffic, yet are involved in 19% of all accidents according to figures from the Department for Transport.
Hastings Direct motorcycle division, Hastings Bike Team, are aiming to support bikers by offering them up to £15,000 free Personal Accident Cover on every bike insurance policy, also including £750 or less towards helmet and leather cover.
The Hastings Bike Team consists of specialists in motorcycle insurance equipped with the experience to address any potential queries clients might have or other issues around motorbike insurance.
With the recent glorious summer weather, more and more bikers will enjoy the sunny days on their bikes, but they should not neglect the possibility of encountering accidents.
Most accidents are caused by being careless or reckless, or failing to pay due care and attention at turns or other people’s path or speed.
Hastings Direct motorcycle division, Hastings Bike Team, are aiming to support bikers by offering them up to £15,000 free Personal Accident Cover on every bike insurance policy, also including £750 or less towards helmet and leather cover.
The Hastings Bike Team consists of specialists in motorcycle insurance equipped with the experience to address any potential queries clients might have or other issues around motorbike insurance.
With the recent glorious summer weather, more and more bikers will enjoy the sunny days on their bikes, but they should not neglect the possibility of encountering accidents.
Most accidents are caused by being careless or reckless, or failing to pay due care and attention at turns or other people’s path or speed.
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