The Brightstar Group has launched Solstar, an insurance brokerage providing a referral service for brokers and advice direct to clients.
Solstar Insurance Brokers is headed by Solomon Tzouvanni, an insurance broker with more than 20 years in the role.
Operating as part of the Brightstar Group, alongside Brightstar Financial and Sirius Property Finance, Solstar will work on behalf of property owners and businesses to negotiate the best prices and cover with a large panel of A-Rated insurance companies. The service offers a range of products covering buy-to-let houses, HMOs, commercial shops with upper parts, industrial units, pubs, hotels, development sites, latent defects, premium bonds and more.
Solstar will provide a referral service for brokers, who will receive a referral fee at the point of sale and then every year the policy remains in place, providing a source of recurring passive income.
Tzouvanni, head of insurance at Solstar Insurance Brokers, said: “This new insurance offering from the Brightstar Group has the potential to help brokers and their clients in a number of ways. 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. Not only can this result in a better outcome for the customer, but it can also prevent delays and reward the broker with an additional source of income. Over time, this income from insurance referrals can deliver embedded value for broker businesses.”
Rob Jupp, group CEO at the Brightstar Group, added: “The launch of Solstar Insurance Brokers 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 to take a more holistic approach to advising their customers.
“Solstar provides the option for them to do this by leveraging our expertise and this will benefit their clients as well as their business.”
