Openwork ties up with Paymentshield

Arms Linking Together

Openwork, a mortgage and financial advisory network, has signed a five year agreement with Paymentshield for general insurance.

The deal will see all Openwork advisers using Paymentshield's new panel proposition and will replace the existing insurer panel currently managed directly by Openwork.

As part of the new agreement, Openwork advisers will have access to Paymentshield's web-based quote and apply system.

The news came less than a week after Paymentshield was reported as being potentially up for sale from parent company Towergate.

Paul Shearman, mortgage, protection and GI proposition director at Openwork, said: "We

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

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.

Biba Conference 2024 countdown: CFC’s Pat Brice

As we continue our Biba Conference series, Pat Brice, distribution director at CFC, promises socks on its stand, and reflects on the post-pandemic buzz of the event, encouraging first-timers to step back and absorb their surroundings.

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: