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IMLA reaches milestone of 60 members as Gallagher Re joins body

  • 28/02/2022
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IMLA reaches milestone of 60 members as Gallagher Re joins body
The Intermediary Mortgage Lenders Association (IMLA) has hit 60 members with reinsurance broking and advisory firm Gallagher Re joining the trade body.


The new membership brings the total of full and associate members to now represent 90 per cent of the UK’s largest mortgage lenders.

Gallagher Re has a team of mortgage indemnity specialists who create and deliver mortgage risk solutions for partners and clients around the world.

Steven Rance, managing partner, mortgage indemnity reinsurance, at Gallagher Re, will be the appointed IMLA representative under the company’s associate membership.

IMLA said he is well known to existing members following his previous presentations on the UK progress under the Deposit Unlock scheme, which Gallagher Re developed in partnership with the Home Builders Federation (HBF), Homes for Scotland and lenders.

Kate Davies (pictured), executive director of IMLA, said: “We are delighted to welcome Gallagher Re to the team as associate members.

“We were very pleased to give them an opportunity to present to members on their innovative Deposit Unlock scheme last year – and we look forward to continuing to work with them.

“It’s always good to find fresh new ways to help our members expand the breadth and depth of their expertise, and that we can bring to our efforts in representing mortgage intermediaries and lenders across the UK.”

Rance added: “During the development and delivery of Deposit Unlock we worked closely with many IMLA members and are keen to continue this cross-industry collaboration.

“As a sustainable solution that is enabling the return of 95 per cent LTV mortgages for new builds at significantly reduced risk to lenders, Deposit Unlock is now fully live, gaining momentum and increasingly established with UK lenders and mortgage advisors.

“That makes this the perfect time for Gallagher Re to formalise its partnership approach to working together in a way that associate membership affords.”

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