Improved professional indemnity terms offered to intermediaries

These new improved rates extend to general insurance activities as well as term life activities.

“We are delighted with this new deal with St.Paul Travelers. We see it having widespread effect, with many Mortgage Intermediaries who are currently insured elsewhere, enjoying very significant savings, if they obtain a quote from our new facilities”, said Ian Boscoe, director, PYV Ltd.

This exclusive deal further enhances PYV’s position as the market leader for professional indemnity insurance for MIs and IFAs and will strengthen their market share. They currently act as Broker to some 27% of directly regulated IFAs and MIs.

“I am pleased to report that as a result of this latest innovation, more and more MIs who have become disillusioned with the service and premiums quoted by their current provider are appointing PYV as their professional indemnity broker”addded Boscoe.