Broker THB Risk Solutions and legal expenses insurer Arag have signed a deal that will see ARAG’s products distributed to THB’s network of 1,200 retail broker partners.
The deal will focus on Arag’s commercial products with the legal expenses insurer aiming to bring in up to £1m of premium income through the partnership in its first year.
According to THB Risk Solution’s CEO Andy Hawkes the relationship was a natural fit: “We had no legal expenses product provider so when ARAG approached us with the idea of working together the benefits for both parties were clear. I’ve known the ARAG team for many years; they’re experts on the legal expenses market and have a truly innovative range of products. We’re delighted to be able to provide our brokers with access to them.”
ARAG’s sales manager Andy Talbot commented: “We have a real appetite for business so joining forces with THB is a great way of getting more of our products to market. THB’s transparent approach to this type of partnership and the strength of its relationships make it an ideal distributor for us.”