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Assurant Intermediary enforcing trail commissions
11 November 2011
11th November 2011: Specialty general insurance provider Assurant Intermediary today announces that it continues to enforce trail commissions to brokers. Assurant Intermediary Sales & Marketing Director Kevin Paterson, says: �There is a lot of discussion in the market right now about the approach being taken toward trail or renewal commissions. As far as Assurant Intermediary is concerned, renewal commission is paid to brokers for their valuable role and work in the process, not merely as goodwill, and Assurant Intermediary has written our commitment to renewal commissions into our contracts with brokers and we stand by our obligations.� Assurant Intermediary pays commissions due under contract terms as long as the broker concerned is registered with and regulated by the Financial Services Authority. If the broker deregisters, Assurant Intermediary either offers to buy the book of business or allows the intermediary to transfer the book in-house and move to an introducer status, ensuring they continue to receive renewal commissions. Paterson adds: �We are committed to working with our intermediaries and making it easy for them to grow their general insurance business. We�re confident that we provide our partners with some of the best products available in the market backed by service that is second to none for our customers.� - ends � Media contact: Lesley Russell at Spotlight Communications Tel: 07815 778038 Email: lesley@spotlightcomms.co.uk About Assurant Intermediary Assurant Intermediary is part of Assurant Solutions, a global provider of specialty insurance products and services. Assurant Intermediary is a specialist in the mortgage broker and intermediary market, delivering a range of general insurance products that support them in their day-to-day business and provide their customers with value for money protection. Its products include: mortgage and payment protection insurance, income protection, residential buildings and contents insurance, landlords' let property insurance and home emergency cover. Assurant Intermediary is the trading name for Assurant Intermediary Limited, which is authorised and regulated in the UK by the Financial Services Authority. Visit: www.assurantintermediary.co.uk
