The Financial Intermediary and Broker Association (FIBA) and Berkeley Alexander have partnered to launch a commercial insurance solution exclusively for FIBA members.

FIBA, which is part of SimplyBiz, said the service was designed to complement the commercial finance arranged for bridging, development finance, specialist buy-to-let or commercial property finance for both purchase and refinance.

The new service offers a route for FIBA members to help their business customers access commercial insurance and also offers an additional route through which commercial property investors in the UK can find protection for their business assets.

FIBA executive chairman, Adam Tyler, said: “For many years, I have seen brokers involved in commercial finance benefit from customer introductions for commercial insurance purposes.

“There is now a straightforward and compliant route through FIBA to provide our members’ customers with this extra benefit. We are committed to ensuring our members can provide a full service to their customers for their commercial lending requirements thereby further supporting their advice and strengthening their proposition and value.”

Berkeley Alexander managing director, Mark Hutchings, added: “The team at Berkeley Alexander are extremely excited to be working with FIBA and their membership, providing members with a simple referral service for insurance, and expanding their service offerings. We look forward to building a long-term relationship that will benefit both the membership, and their clients.”

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