Paymentshield has added two new insurers, Ageas UK and Tradex, to its home insurance panel.
The inclusion of these insurers aims to enhance underwriting capacity and coverage, allowing advisers to quote for a larger proportion of customers.
Ageas UK and Tradex join existing insurers AXA, Allianz, and Integra, with further panel expansions anticipated in early 2025.
Ageas UK provides personal lines insurance to over four million customers in the UK and operates a 24/7 emergency claims helpline.
Tradex’s policies are underwritten through Markerstudy Insurance Services, with claims also handled by Markerstudy Insurance Services via a 24/7 helpline.
Joe Bishop (pictured), head of insurer relations at Paymentshield, said: “We’ve been working hard to preserve the robustness of our home insurance panel during a time of market volatility that has seen several insurers withdraw from the personal lines market.
“The strength and depth of our panel makes it easier for advisers to offer a home insurance quote to every customer, supporting in our ultimate mission to ensure every home is properly protected.”
Bishop added: “Every insurer on our panel has to meet our carefully considered criteria, so advisers can rest assured that their customers will receive a brilliant experience if they do ever need to make a claim.
“Ageas UK and Tradex are large insurers with a strong understanding of the market and a wealth of claims knowledge and experience behind them.”
Ben Travis, head of strategic accounts at Ageas UK, said: “At Ageas, we share Paymentshield’s dedication to ensuring every homeowner is fully protected and providing market-leading customer service where it matters to our customers.
“We are thrilled to bring our expertise to Paymentshield’s panel.”
Sid Gulati, chief underwriting officer at Tradex Insurance Company, said: “Joining Paymentshield’s panel is an exciting opportunity for Tradex to expand our Home offering to customers through Paymentshield’s impressive network of advisers.
“We’re delighted to provide home protection and support more customers through our comprehensive range of products and services, adding to the coverage options on offer via Paymentshield.”
