Archived Paymentshield Press Releases

Towergate buys Paymentshield
Paymentshield announces new underwriters

November 2006
Towergate today announces the completion of its purchase of Paymentshield, the UK's largest independent supplier of mortgage related general insurance products to the intermediary sector. Read full press release

Paymentshield issues reassurance to intermediaries advising on MPPI

October 2006
Paymentshield, the largest independent supplier of mortgage related general insurance products to the intermediary sector, is reminding intermediaries to be aware of the guidance issued in the latest PPI reviews to ensure they comply with existing rules when advising customers on MPPI products. Read full press release

Paymentshield expresses disappointment with OFT review into PPI

October 2006
Graham Boulger, Group Commercial Director, Paymentshield says: "We are disappointed that the PPI investigation has failed to pick up the way that the vast majority of the mortgage intermediary market works in selling regular premium MPPI. Read full press release

Paymentshield hits 'call waiting' targets...but reveals unacceptable industry call-handling delays

October 2006
A new survey by Paymentshield, the largest independent supplier of mortgage-related general insurance products to the intermediary sector, reveals that despite continuing advances in technology intermediaries still experience unacceptably long delays on the phone, holding to speak to general insurance providers. Read full press release

Paymentshield Mortgage Club enhances conveyancing offering

October 2006
Paymentshield Mortgage Club, the fastest growing mortgage club in the UK for directly authorized intermediaries today announces that it has added eConveyancer to its service offering. Read full press release

Paymentshield adds to Mortgage Club Panel

October 2006
Paymentshield Mortgage Club, the fastest growing mortgage club in the UK for directly authorized intermediaries has added edeus, Bank of Ireland and Amber Homeloans to the Paymentshield Mortgage Club panel. Read full press release

Paymentshield reports a 23% increase in personal possessions cover take-up as the number of muggings rises

August 2006
New figures released today by Paymentshield, the largest independent supplier of mortgage related general insurance products to the intermediary sector, reveal that there has been a 23% increase in the take up of personal possession cover over the last 12 months. Read full press release

Paymentshield reports an 88% increase in Landlords B&C policies as B2L celebrates its 10th birthday

August 2006
New figures released today by Paymentshield, the largest independent supplier of mortgage related general insurance products to the intermediary sector, reveal that there has been an 88% increase in the numbers of Landlords B&C policies taken out over the last 12 months. Read full press release

Southport based Paymentshield ranked as one of the UK's fastest growing companies

June 2006
Paymentshield, the Southport based general insurance provider for intermediaries, has been recognised as one of the UK's top 100 fastest growing companies. Read full press release

One in two homeowners reluctant to take out MPPI

June 2006
PPI investigation causing confusion among consumers - leaving many under protected. Read full press release

Paymentshield launches new Broker Support Team

May 2006
Paymentshield today announced the launch of its new broker support team. Read full press release

Paymentshield completes management team with appointment of Compliance Director

May 2006
Paymentshield, the largest independent supplier of mortgage related general insurance products to the intermediary sector, has completed the structure of its management team with the appointment of Graham Johnston as Compliance Director. Read full press release

Paymentshield reports over 40% increase in Premium Income, record sales in Q1 2006 and a review of underwriting contract

May 2006
Paymentshield has reported premium income of £186 million for the last financial year up by 42% from £132million the previous financial year. Read full press release

Paymentshield Ranked as UK's 58th Fastest Growing Company

April 2006
Paymentshield, the largest independent supplier of mortgage related general insurance products to the intermediary sector, has been recognised as one of the UK's top 100 fastest growing companies. Read full press release

Paymentshield Welcomes HIPs Timeline

27 March 2006
Chris Traynor, Sales & Marketing Director at Paymentshield welcomes the government announcement of a timeline for HIPs. Read full press release

Paymentshield launches offline Landlord Quotation Facility

15 March 2006
In response to the growing demand for buy-to-let property, Paymentshield today announced the launch of its BestQuote Landlords Buildings & Contents insurance onto Inertia, Paymentshield's market leading quotation service. Read full press release

Paymentshield launches new website

09 January 2006
Paymentshield, the largest independent supplier of mortgage related insurance products to the intermediary sector, is delighted to announce the launch of its new website - www.paymentshield.co.uk. The updated and improved website has been designed to meet the specific needs and requirements of all intermediaries, as well as giving consumers information on their Paymentshield products and policies. Read full press release

Regulation burden takes its toll

January 2006
A new survey by Paymentshield, the largest independent supplier of mortgage related general insurance products to the intermediary sector, reveals that three quarters of intermediaries experienced a drop in sales of MPPI (Mortgage Payment Protection Insurance) during the second half of 2005. Read full press release