11 December 2007
PARADIGM ANNOUNCES
ADDITION OF LEGAL & GENERAL TO GI PANEL
Paradigm Mortgage Services, the new mortgage partnership proposition, has
today (11th December 2007) announced that Legal & General has joined its
general insurance (GI) panel.
Members of Paradigm will now be able to access Legal & General’s range of
mortgage related general insurance products and services including: Home
Insurance Choices, the flexible buildings and contents product; the Defaqto five
star rated Mortgage Payment Protection Insurance (MPPI); and Buy-to-Let
property insurance protecting building and contents for landlords’ investment
properties.
Legal & General’s innovative quote and apply service, GIology, which is
designed to make the GI sales process easier, will also be available to Paradigm
members. GIology provides members with access to all the products available
from L&G and enables indicative household and buy-to-let insurance quotes to
be prepared for customers after answering just two questions.
Paradigm Mortgage Services is a new mortgage partnership proposition open to
directly authorised firms offering intermediaries access to lenders covering the
whole of the market, coupled with a range of mortgage-related support services.
Paradigm is unique in that its members will share in the capital growth of the
business via a discretionary trust and, by joining and using Paradigm, will be
building a share in the business.
Bob Hunt, Chief Executive of Paradigm Mortgage Services, commented:
“We are delighted to welcome Legal & General with their financial strength,
quality of product range, and excellent service standards to the Paradigm GI
panel. Paradigm exists to provide our members with real and tangible value in
terms of both business transactions and the growth of the Paradigm business.
Having a partner like Legal & General which is renowned for the quality of its
offering means our members are able to access the best in the market.
“Paradigm members who wish to start writing GI business with Legal & General
should visit the Paradigm website and click on the GI link for information on how
to set up their agency. We look forward to working with Legal &General and
believe this will be a long-lasting and profitable partnership for all.”
Steve Bryan, Partner Development Director for Legal & General’s general
insurance business, said:
“Legal & General is delighted to be joining the panel offered by Paradigm to their
members. Paradigm members will be impressed at just how quickly an indicative
quote for cover can be obtained through GIology, and so will soon recognise that
Legal & General and the GIology service can be of real business benefit to them.
We believe we deliver a very attractive proposition for Paradigm members and
look forward to working with them in the future.”
For more information on Paradigm Mortgage Services, visit:
www.paradigmmortgages.com
For more information on Legal & General, visit www.gicentre.co.uk
ENDS
For further information please contact:
Bob Hunt, Chief Executive, Paradigm Mortgage Services, Tel: 07767 462092
Rob Griffiths, White Dragon Communications Ltd (for Paradigm), Tel: 01483 892740,
Mobile: 07983 641566; [email protected]
Berni Ryan, PR Manager, Legal & General, Tel: 01737 375369, Mobile: 07788 927790;
[email protected]
Notes to editors
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Paradigm Mortgage Services offers IFAs and mortgage intermediaries the same
opportunity. Members of the mortgage club will benefit fully from market-leading
procuration fees, have access to exclusive and semi-exclusive products, and
share in the club’s ownership. Members will also have the added opportunity of
building additional value wholly attributable to their own individual businesses.
Paradigm Mortgage Services also offer a dedicated Mortgage Desk to members.
Paradigm Mortgage Services is an associated business of Paradigm Partners
Ltd, the IFA support firm established by Paul Hogarth.
Paradigm Partners is a limited liability partnership. It offers those firms who sign
up the opportunity for them to share in the capital growth of the business via a
discretionary trust.
There are four members of the Paradigm GI panel: Halifax, Legal & General,
Paymentshield and Select & Protect.
The Legal & General Group, established in 1836, is one of the UK’s leading
financial service companies.
Legal & General is one of the UK’s top 50 companies in the FTSE 100 Index.
Legal & General’s general insurance business is a well-established insurance
provider with over 170 years of experience and is one of the top 50 insurance
companies in the UK.
Key features of Legal & General’s GIology service
 Comprehensive range of quality general insurance products which include Home
Insurance Choices for Buildings and Contents cover, Buy to Let Property
insurance and the Defaqto top-rated Mortgage Payment Protection Insurance
(MPPI) – only available on GIology.
 The innovative GIology point-of-sale system allows advisers to obtain indicative
quotes, without re-keying data for the full range of general insurance products, on
or off-line.
 Indicative quotes are available for household and buy-to-let property insurance
after answering just two questions. Pre-populated, yet fully secure customer
information is carried through to each product quote required.
 Paperless quote process with acknowledgement of receipt of final quote
submission and audit trail.
 GIology also allows the option under MPPI for separate accident and sickness or
unemployment cover, cover for carers, with a back to day one option and
maximum benefit of up to 140% of the monthly mortgage repayment.
 Dedicated business support team to help with any underwriting queries and
compliance issues. Support literature available on the GIology system plus
training support available, if required.
Paradigm Partners LLP
Paradigm House
Brooke Court
Wilmslow
Cheshire
SK9 3ND
Tel: 0845 303 6333
Fax: 0845 303 8333
Paradigm Mortgage Services
Wellington House
Birmingham International Park
Solihull
West Midlands
B37 7HE
Tel: 0121-781 7337/7338
Fax: 0121-731 7339