Paymentshield has signed a strategic distribution deal with mortgage brokerage Citri, which will give the insurer direct access to all the firm's advisers.
Under the single tie agreement, which will run until at least July 2013, Citri’s advisers will sell only Paymentshield buildings and contents, mortgage payment protection insurance and landlord buildings and contents (B&C) policies.
Non-standard B&C risk products will be supported through Towergate Home & Protect and commercial insurance opportunities will be referred directly to Towergate Risk Solutions.
Ian Halley, key accounts director at Paymentshield, said he believed CITRI would emerge as a leading player in the mortgage, general insurance and life assurance advice based world.
He added: “We are always looking for opportunities to create business partnerships with operations that have result and customer driven business models.”
