High net worth specialist Oak Underwriting PLC has agreed a deal with Westinsure Group to provide high net worth (HNW) expertise to its network of independent insurance brokers across the UK.
The tie-up will provide Westinsure members with access to Oak’s household and motor products; High Value Home and Family Fleet. Commenting on the deal, Matthew Ward business development manager at Oak said: “We are delighted to be entering a strategic partnership with Westinsure. This development will allow us to expand our distribution footprint with one of the largest network organisations and provide greater access to a significant share of the market.
“At Oak we understand the diverse nature of the sector and recognise that the needs of each HNW client vary significantly. This is where our expertise in tailoring solutions is of real value to every Westinsure member.”
John Cole, Westinsure product development executive, said: “Oak has established an enviable reputation for a high quality of service over the past 10 years. This has enabled them to become a leading provider of HNW solutions in the UK. Their expertise in the HNW arena provides our members with access to a service which offers a flexible and comprehensive insurance solution, designed for clients with more complex insurance needs.”
Max Hardman, Westinsure CEO added: “Oak has a strong commitment to the broker market and will help our members to win and retain more business. I strongly recommend this new Oak facility to our members.”
