Towergate signs five-year distribution deal with Lorega

Broking group Towergate has signed a five-year deal to sell Lorega’s loss recovery insurance products to its clients.

Lorega has worked with Towergate since 2006 to provide policyholder claims services, branded as Towergate Assist.

Under the terms of the new agreement, Towergate will continue to sell the Lorega products under the Towergate brand, and will aim to significantly increase distribution.

The offering will include the new Lorega 10 product, which will also be introduced to Towergate’s small and medium-sized clients during the first quarter of the year.

Towergate broking director Paul Williams said: “We have been very impressed with the professionalism that Lorega has brought to the vital claims handling process and believe their products provide a real competitive advantage.

“In the event of a claim our policyholders benefit from immediate access to the very best advice, which both increases retention and enhances our own reputation in the market.”

Lorega managing director Neill Johnstone added: “By entering into a five-year agreement we are ideally placed to continue to drive the penetration of our loss recovery insurance products and deliver the quickest and fairest claims settlements possible for policyholders.”