First4Brokers acquires Mandeville

First4Brokers will now be able to offer a range of electronically delivered general insurance schemes to both its full members and also to firms that are directly authorised via its new subsidiary: First4Insurance.

This move brings together unrivalled expertise in the mortgage and insurance markets. Charles Gooding, Managing Director of First4Brokers, says:“/We've been in talks with Mandeville for some considerable time now. There's a lot of synergy between our companies and we decided that it made a lot of sense to join forces. Mandeville is a highly respected company that currently services 40 broker firms. By coming together we will be able to supply not only mortgage compliance but also offer highly competitive commission rates on insurance products, along with excellent sales support. We can offer this to not only our own members but also to brokers who are directly authorised but who don't want to be part of a network.”

Howard Williams, Independent Management Consultant for Mandeville Ltd, adds: “/We are delighted to come under the First4Brokers umbrella because what we can achieve with First4Brokers we could never do alone. Our electronic delivery of products fits perfectly with their sophisticated online compliance 'Mosaic System' that can, in real time, look at any client file from any broker and manage everything from compliance to training, through to commission payments and monitoring. This is such a powerful and efficient way of running a business and one I'm very happy to be part of. Plus, with such transparency in operations, it's a

regulators dream!”