Monday, August 3, 2009

L and E announces new title insurance provider

London & European has signed a deal with Hannover Re subsidiary Inter Hannover for the firm to be the exclusive provider of L&E’s title insurance.

Inter Hannover will underwrite L&E’s title insurance business as part of a four-year rolling contract.

Nick Parr, managing director of Inter Hannover, says: “Our strategy is always to look for lines of business outside the mainstream where we feel there is a market opportunity, and title insurance fits perfectly.

“In L&E we have a partner which is an established authority in the field and has a solid book of existing clients as well as a healthy appetite to grow profitably.

“We look forward to a long and fruitful relationship with them.”

Christopher Taylor, chief executive of L&E, says: “Inter Hannover is an entrepreneurial business which has the ability to spot an opportunity in a specialist sector and the vision to realise its potential.

“It’s no secret that the property market is depressed at the moment, but title insurance is an important tool in mitigating risk and can actually help ease lenders capital adequacy requirements.

“Inter Hannover takes a non-conservative attitude to recognise the potential in the current climate and appreciates the benefits that a longer term approach to the sector can bring.

“We are delighted to be working with Inter Hannover and to bringing their stability and http://www.mortgagestrategy.co.uk

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