Brightstar has launched a new brokerage, offering a range of insurance products for buy-to-lets, HMOs and commercial properties, including pubs, shops, industrial units and development sites.
Solstar Insurance Brokers will be headed up by Solomon Tzouvanni, and will operate alongside Brightstar Financial and Sirius Property Finance as part of the wider Brightstar Group.
Solstar will provide a referral service for brokers, giving clients access to this specialist insurance service, helping clients secure appropriate cover.
Brokers will receive a referral fee at the point of sale and then every year the policy remains in place, providing a source of recurring passive income.
Solstar Insurance Brokers head of insurance Solomon Tzouvanni says: “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 this 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, it rewards the broker with an additional source of income. Over time, this income from insurance referrals can deliver embedded value for broker businesses.”
Brightstar Group CEO Rob Jupp, Group adds that this launch reflects the group’s strategic objective to provide a more holistic solution for clients and partners. He adds: “With the upcoming introduction of Consumer Duty regulations, there will be greater emphasis on brokers taking a more holistic approach to advising their customers. Solstar provides the option for them to do this, benefiting their clients as well as their business.”