Adam Tyler, executive chairman of FIBA, said: “For many years, I have seen brokers involved in commercial finance benefit from customer introductions for commercial insurance purposes."
Financial Intermediary and Broker Association (FIBA), part of SimplyBiz, and Berkeley Alexander, part of the Ardonagh Group, have partnered to launch a commercial insurance solution exclusively for FIBA members.
The service was designed to complement the commercial finance arranged for bridging, de-velopment finance, specialist buy-to-let or commercial property finance for both purchase and refinance.
The newly launched services offers a route for FIBA members to be able to help their busi-ness customers access commercial insurance.
Additionally, it offers a route through which commercial property investors in the UK can find the protection they need for their business assets.
Adam Tyler, executive chairman of FIBA, said: “For many years, I have seen brokers in-volved in commercial finance benefit from customer introductions for commercial insurance purposes. There is now a straightforward and compliant route through FIBA to provide our members’ customers with this extra benefit.
“We are committed to ensuring our members can provide a full service to their customers for their commercial lending requirements thereby further supporting their advice and strength-ening their proposition and value.”
Mark Hutchings, managing director at Berkeley Alexander, added: “The team at Berkeley Al-exander are extremely excited to be working with FIBA and their membership, providing members with a simple referral service for insurance, and expanding their service offerings.
“We look forward to building a long-term relationship that will benefit both the membership, and their clients.”
