Product launches: ATE claims support offered

Two car shunt

Lorega has launched an after-the-event (ATE) claims preparation, mitigation and negotiation service.

Operated by the organisation's independent loss adjusting company, Lorega Solutions, which acts on behalf of the claimant, Lorega said the ATE claims advocate costs would be individually negotiated and could be charged at an hourly or daily rate, percentage of the recovery, or a flat fee. Brokers will also receive commission.

Malcolm Harvey, chairman of Lorega, said: "By setting up a new ATE claims advocate service to supplement our LRI product we can now provide brokers and their clients with

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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