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Martin & Co announces three year deal with HomeLet

__________________________________

9th July 2008

The UK's number one letting agent Martin & Co has signed an exclusive three-year deal with HomeLet - the market-leading insurance provider for the lettings industry.

The lettings franchise group is now HomeLet's largest client.

Ian Wilson, Managing Director of Martin & Co, said: "In times of uncertainty it's good to have business partners you can rely on. We are delighted to be working with HomeLet, the principal provider of credit referencing and specialist insurance products to the UK lettings market."

He continued: "A three-year deal allows our franchisees to budget and gives them some great incentives to increase business volumes. As with all our supply arrangements they are entered in to with our franchisees' best interests at heart."

On Monday HomeLet's parent company, EIS, announced that it will be changing its name to Barbon Insurance Group Limited in August as part of a rebranding exercise following a change of ownership.

Commenting on this announcement Mr Wilson said Martin & Co is pleased to be working with HomeLet at such an exciting time. "Following the takeover of EIS, HomeLet and the other EIS-owned insurance businesses now have a more secure future," he said.

"We need to be in a position to provide our clients with fast and accurate solutions to meet their insurance needs. We had no qualms about making a commitment with HomeLet which offers an unrivalled package of products and support."

Marie Scott, the Head of Principal Accounts at HomeLet, has managed the account for four years and has 9 years' experience of the HomeLet product range.

Marie commented: "Martin & Co franchisees benefit from HomeLet's dedicated business development services. Their offices have access to immediate over-the-phone or face- to-face support as and when required, wherever they are in the country, from Truro to Cardiff to Aberdeen.

"Our extensive product training gives their new franchisees immediate credibility with insurance and referencing products in front of the customer."

With over 134 franchised offices trading and another 12 preparing to launch Martin & Co has just announced a bumper month with seven new franchise opportunity applications in May.

Group revenue is up by 51% year on year so the commercial future for both organisations looks assured.

Notes about this Press Release

Martin & Co:

- Established in Dorset by Chairman Richard Martin in 1986, Martin & Co (UK) Ltd became a franchised operation in 1995. The head office is based in Bournemouth. It is a recognised Investor in People and a full member of the British Franchise Association. - Martin & Co is the UK’s largest residential lettings agent with 146 offices throughout the UK (open 134 and pre-launch 12).

HomeLet:

- HomeLet is the UK’s largest tenant referencing, Rent Guarantee and specialist insurance provider for the lettings industry and offers landlords a wide range of products through its network of almost 5,500 letting agents across the UK. - HomeLet is a trading name of Erinaceous Insurance Services Limited which was recently sold to a new investment company (Caley Limited) owned by leading banks HBOS, HSBC and Lloyds TSB. - During August 2008 EIS will be changing its name to Barbon Insurance Group Limited. The new name is derived from Dr Nicholas Barbon who is credited with being the ‘Father of Fire Insurance' after introducing fire insurance for buildings to England after the Great Fire of London.

Website: www.homelet.co.uk

Source Martin & Co

See also HomeLet (Group) Press Information:

HomeLet Insurance launch new forum for letting agents - June 2010

HomeLet and Martin & Co offer new cover for Landlords - June 2010

There are a record breaking number of renewals for Martin & Co - June 2010

HomeLet sponsors Bloom Apprenticeship Academy for Estate and Letting Agents - June 2010

Do landlords really need specialist insurance? - June 2010

Rent Guarantee claim a landlord's experience - June 2010

HomeLet Insurance update - June 2010

The Letting Agent of the Year Awards - June 2010

Grant Shapps appointed as new Housing Minister - May 2010

Nationwide Building Society announces New Mortgage Deals and John Boyle of HomeLet insurance says New Buy-To-let deal is good news for Landlords - May 2010

Pinkerton Murray Strikes Gold - May 2010

Students to get Extra Protection from Crime via HomeLet Insurance - May 2010

Rising Rents Pose Potential Risk for Landlords in the UK - April 2010

HomeLet insurance run for charirty - March 2010

HomeLet Launches £500 Prize Draw for Landlords - March 2010

Rental Increases could see a reversal of Fortune says HomeLet Managing Director - March 2010

HomeLet offers More Benefits for Premier Customers - March 2010

Agents Positive about the Future of Lettings - February 2010

Cold Snap Could Prove Costly for Landlords says HomeLet Insurance - January 2010

HomeLet Launch New Range of Landlord's Insurance - December 2009

HomeLet Insurance offers service guarantee to Letsense Agents - December 2009

HomeLet to launch innovative new insurance policy product - December 2009

Demand for HomeLet insurance doubles - October 2009

HomeLet releases a new Tenant's contents insurance product available via jml insurance - HomeLet rental insurance have cut the cost of tenants insurance from the 19th June 09 with a new policy that is available via jml insurance - June 2009

Barbon Insurance has acquired Zennor Ltd - April 2009

Tenants should Insure against recession related crime - February 2009

Barbon Insurance Appoints New Directors - Compliance - IT - Finance - February 2009

New Managing Director for Letsure- Barbon Insurance Group has announced the appointment of Ian Fraser as Managing Director - January 2009

New Chief Executive for Barbon Insurance - September 2008

Barbon Insurance Reveals Latest Financial Results - September 2008

EIS Completes Rebranding Exercise to Become Barbon Insurance Limited -August 2008

jml Insurance are very pleased that HomeLet and Letsure are now under the Barbon Insurance Group umbrella - August 2008

Martin & Co announces three year deal with HomeLet - July 2008

HomeLet staff gain promotions - June 2008

New Customer relations manager for EIS Insurance Solutions - June 2008

EIS sale completed - New and stable long term ownership - April 2008

EIS separates from Erinaceous Group - New and stable ownership - April 2008

Erinaceous placed in administration - April 2008

jml Insurance will now be introducing Homelet Landlord & Tenant insurance instead of Letsure - March 2008

Erinaceous puts insurance division up for sale - January - February 2008

Brian Turney has left Lumley Letsure - June 2007

Erinaceous Group Plc Opens Property Management Office in Dublin, Ireland - May 2007

HomeLet IPEX -Landlords set for buy-to-let revolution as new scheme launched - March 2007

HomeLet Rental insurance launch Portfolio Insurance from 10th July 2006 in the UK

Letsure has a new Glasgow offices December 2005

HomeLet launches new low cost option landlord’s protection - July 2003


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Please note, all details on any of the Insurance industry Press Releases displayed on this site are provided by insurance companies, organisations, Government departments and media and jml Property Services does not take any responsibility for their content or accuracy.

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See Also

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Insurance Industry News Press Releases 2009

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Insurance Industry Press Releases 2001 -2007

Independent insurance Articles

jml villas.com Press Releases

jml villas.com / euro-rentavilla.com Media Coverage

jml Training and Consultancy Press Releases



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