Insurer trio boosts Moorhouse Xbroker panel

Xbroker, the leading online comparative quotation system from the Moorhouse Group, has expanded its panel and product range with the addition of three new insurers.

The expansion involves Axa, Groupama and Brit joining Xbroker to provide easy access to enhanced products for brokers. The three have joined initially with one product apiece, but other products are already in development and will be announced shortly. Xbroker is also in discussion with other insurers and further panel editions are expected by the autumn.

In an exclusive deal with Axa, Xbroker will provide broker access to its Hauliers Choice product which is not available electronically anywhere else.

Xbroker will also offer an improved commercial vehicle product from Groupama, which will replace the existing AIG product. Groupama’s offering has a higher capacity limit than its predecessor. This upgrade will allow greater volumes of commercial vehicle business to be transacted through Xbroker, meaning greater access for a broader number of brokers.

Brit also joins the Xbroker panel, initially to offer its recently launched professional indemnity product which can cater for over 140 trades.

Moorhouse chairman Lyndon Wood commented: “We are extremely pleased to welcome three first class insurers to the Xbroker panel, which is part of the group-wide hypergrowth strategy implemented in January. With this broader range of products now available from a single log-in it also furthers our aim of providing greater choice and access to market to brokers.”
Xbroker announced record growth in the first half of the year with the number of brokers using the facility increasing by 27% in April. Other areas of the business also saw rapid growth during the period and its high net worth motor product on track to reach £4 million in gross written premiums annually.

Moorhouse Xbroker products are underwritten by a panel of leading UK composite insurers with same-day policy issue and up to 25% commission to brokers.