Two insurance and referencing firms, Let Insurance Services and PropertyRisks, have merged.
The new company is called LetRisks and is headed by a formidable team which includes Michael Portman, founder of Let Insurance Services and who becomes managing director of the new firm, and Miles Ritchie, founder of PropertyRisks.
Also in the line-up are chairman Philip Cook, a past chairman of ARLA, and director Robert Lumley, who pioneered tenant referencing and insurances in this country. Nigel Atkinson will be responsible for business development.
The new firm, which is formed at a time when the largest tenant referencing company, HomeLet, is troubled by having to review its selling of policies to tenants, will offer a wide range of tailored insurance products and tenant referencing services.
Michael Portman said: “We have created LetRisks to offer agents the combined strengths of Let Insurance Services and PropertyRisks.
“Both companies are leading specialists in the property insurance market and many members of staff have worked in letting agencies, so we understand the pressures and challenges that agents face.
“We know that agents want choice on the arrangements with their insurance partner, and this merger provides the very best in tailored referencing and insurance solutions available in the market today.”
Miles Ritchie added: “Given the current circumstances in the lettings market where some agents are having to change their business model to meet their providers’ wants, this is an opportune time to launch.”
LetRisks is backed by investment from the Lumley Group which has over 100 years of experience in the insurance market, with a successful track record in the Lloyd’s and general insurance markets, having owned companies in both sectors.
LetRisks will operate from two offices in Banbury, Oxfordshire, and Southampton, and will retain all the staff from both companies.
www.letrisks.com
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Comments
Why would Homelet (Barbon) admit to being in possession of a client database stolen from rival company? They then go on to say the person in question has been fired....very strange, any ideas..
Anybody company who has had nothing ever to do with homelet/barbon/letsure triangle is worth a look at.
Alough I do have to say I've found the comments here more interesting!
Good luck LetRisks, too many people set in their ways and being negative, With a strong team that you have, you will go far.
the position into which the hammer is brought by being drawn partly or completely back, preparatory to firing.
Institution; a public or private place for the care or confinement of inmates, especially mental patients.
Inz tit two shone- One long associated with a specified place, position, or function.
Im not sure that Portman will be over happy at being described as an "institution". Decent as he might well be......
"new entrants into the market place or any newly created brands looking to capitalise on recent issues"
Sorry but I have to comment on that. Michael Portman is one of the most respected institutions in this industry. Rock solid and honest.
Do a little bit of research at Companies House and compare the financial status of you current provider with line up of Directors at LetRisks. If that isn't money well spent try to find a firm who has not been influenced positively by Robert Lumley.
If you are still not convinced have a look at their existing client list.
Your statement is as daft as claiming Coutts are a the new boys in banking set up because of the problems at Northern Rock.
I am sure they will be delighted you are sticking where you are but they are the sort of people who have enough dignity never to say that.
Thank you for the laugh!
Think for now we will stick with the more established options available.For now most agents will be looking for some long-term established companies that can help them not just themselves. We would look to avoid new entrants into the market place or any newly created brands looking to capitalise on recent issues.
'shocked agent' obviously hasn't read the first comment to which I was replying.
JS has obviously not read the article- it is a new company they have formed called 'LetRisks' not 'LetSure'- although the confusion is bound to happen repeatedly when you have a company name that is so similar.
As for changing suppliers- I am sticking with mine, sorry LetRisks, its nothing personal- but I've found no one who matches them.
Tried Letsure but was appalled at the service and needless complication/ambiguity of their forms and updates. Used Paragon from day one and still happy with them (only tried Letsure on a free trial).
Firms such as this one, UK Tenant Data and Let Alliance will take full advantage of the current Homelet / Letsure mess. When the dominant player screws up, smaller, well run competitors take market share.
Good luck to LetRisks.