Brightstar launches new insurance broker

Property finance distributor Brightstar Group has launched a new insurance brokerage that will offer advice directly to clients.

Announced last week (8 June 2023), Solstar Insurance Brokers will target property owners and businesses and work with a panel of A-rated insurers.

It will cover a variety of products such as buy-to-let, house in multiple occupation licences (HMO’s), commercial shops with upper parts, industrial units, pubs, hotels, development sites, latent defects and premium bonds.

The firm will operate as part of the Brightstar Group, alongside Brightstar Financial and Sirius Property Finance.

Rob Jupp, chief executive of Brightstar Group, said Solstar “reflects our strategic objective as a group to provide a more holistic solution for our clients and partners than property debt alone”.

“With the upcoming introduction of Consumer Duty regulations, there will be greater emphasis on all brokers taking a more holistic approach to advising their customers,” he added.

“Solstar provides the option for them to do this by leveraging our expertise and this will benefit their clients as well as their business.”

Referral service 

Solstar will also provide a referral service for brokers, offering a referral fee at the point of sale and then every year the policy remains in place.

It will be led by Solomon Tzouvanni, who has more than 20 years of industry experience.

His career has seen him work at several firms, including Little N Large Insurance Brokers and The Insurance Octopus.

“This new insurance offering from the Brightstar Group has the potential to help brokers and their clients in a number of ways,” Tzouvanni said.

“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 our 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.”