Brightstar Group launches insurance brokerage

by | Jun 8, 2023 | Brightstar

The Brightstar Group has launched a new insurance brokerage which offers advice direct to clients and a referral service for brokers.

Solstar Insurance Brokers is headed by Solomon Tzouvanni, an experiences insurance broker with more than 20 years in the role.

Operating as part of the Brightstar Group, alongside Brightstar Financial and Sirius Property Finance, Solstar will work on behalf of property owners and businesses to negotiate the best prices and cover with a panel of A-Rated insurance companies.

The service offers a range of products covering buy-to-let, HMOs, commercial shops with upper parts, industrial units, pubs, hotels, development sites, latent defects, premium bonds and more.

Solstar will provide a referral service for brokers, offering a referral fee at the point of sale and then every year the policy remains in place, providing a source of recurring passive income.

Commenting on the announcement, Solomon Tzouvanni, Head of Insurance at Solstar Insurance Brokers, has said:

“This new insurance offering from the Brightstar Group has the potential to help brokers and their clients in a number of ways. Often, insurance is the last thing a broker considers with a deal, and this can lead to delays and the client paying more than they need to. With out service, a client’s details can be referred to an expert at the outset, enabling us to negotiate the best terms available from the markets.

Not only can this result in a better outcome for the customer, but it can also prevent delays and reward the broker with an additional source of income. Over time, this income from insurance referrals can deliver embedded value for broker businesses.”

Rob Jupp, CEO at the Brightstar Group, added:

“The launch of Solstar Insurance Brokers reflects our strategic objective as a group to provide a more holistic solution for our clients and partners than property debt alone. With the upcoming introduction of Consumer Duty regulations, there will be greater emphasis on all brokers taking a more holistic approach to advising their customers.

“Solstar provides the option for them to do this by leveraging our expertise and this will benefit their clients as well as their business.”

RELATED NEWS

RELATED NEWS

Listed building holiday let

Listed building holiday let

Listed building holiday letObjective & outcome This client was entering the holiday let market for the first time and was seeking cover for their Grade II listed building, including fixtures and features, prior to completing on the purchase. Solstar identified...

Insurance for hospitality premises covering light refurb

Insurance for hospitality premises covering light refurb

Hospitality premises covering light refurbObjective & outcome This client was purchasing a pub/restaurant which was undergoing light refurbishment before the grand opening. Solstar sourced the perfect insurance solution which covered the premises whilst it was...

Insurance for two commercial warehouse units

Insurance for two commercial warehouse units

Two commercial warehouse unitsNoting the lenders interestObjective As a result of buying out their business partner, this client needed to remortgage their two commercial warehouses. The existing insurer would not note the lenders interest, therefore they needed to...

Buy-to-let products

Buy-to-let products

Standard | Limited Company | HMO & MUFB Standard: Up to 75% LTV Initial rate from 4.59% Up to 7 year fixed Fee's from £0 Limited Company: Up to 75% LTV Initial rate from 4.59% Up to 7 year fixed Fee's from £0 HMO & MUFB: Up to 75% LTV Initial rate from 4.99%...