Specialist motor trade broker, the Bollington group, has extended its panel of insurers as rates begin to harden in the troubled market.

The Macclesfield-based group, which supplies brokers with net-rated products, has increased its panel to eight including, Lloyd's and household name insurers.

Stephen Wall, managing director of Bollington's motor trade division, said the expansion reverses the market's trend toward a diminishing number providers. Zurich pulled out of the market earlier this year after complaining of poor trading returns when it ceased to write motor trade business on February 1.

Wall said that the secret of his firm's success lay in ensuring high service standards from providers and a 24-hour turnaround time for quotations.

He said rates were gradually increasing in the motor trade market in line with the rest of the general motor market.