Prestbury Holdings has announced an agreement with underwriting agency PlusOne to sell Norwich Union's general insurance products.
The products covered will be buildings insurance, contents insurance and mortgage payment protection cover and will only be available to Prestbury's current advisers and to those whom wish to sign up to Prestbury as an Appointed Representative or as an FSA Directly Authorised Adviser.
Lee Birkett, ceo Prestbury, said: “With the regulation of the general insurance market fuelling consolidation, we now feel the time is right to enter this lucrative market. Prestbury has relationships with a number of general insurance brokers and this will continue, however Prestbury advisers can utilise the Prestbury general insurance products and cut out the middleman thus increasing their revenues by approximately 25% for the same product."
