New intellectual property broker established

Man thinking about clouds

Former lawyer sets up Safeguard iP to focus on patents, trademarks, copyright, design and infringement risk.

A broker, Safeguard iP, focusing on intellectual property protection has been launched to provide cover to the SME market.

The company is set to focus on offering insurance products related to the increased threat and cost of patent, trademark, design and copyright litigation.

Safeguard iP, which is an appointed representative of Ten Insurance Services, said it offers policies underwritten by insurers including Cigna, QBE and Liberty.

David Bloom, founder and managing director of Safeguard iP

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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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