TheNews LETTINGS INSURANCE
Let Insurance Services and PropertyRisks merge
Two of the UK’s leading insurance and referencing fi rms, Let Insurance Services (LIS) and PropertyRisks have merged to form a new company, LetRisks, in the wake of a growing lettings market and recent changes in the business models off ered by other suppliers. Michael Portman, Founder and Managing Director of LIS and Miles Ritchie, Founder of PropertyRisks have led the merger to create a strong and robust insurance fi rm, off ering agents a wide range of tailored insurance products and tenant referencing services.
LetRisks will be headed by
Michael Portman as Managing Director and Miles Ritchie will be returning to the business full time. Philip Cook, past president of ARLA and a former director of Ashton Burkinshaw, will be
QUALIFICATIONS
RICS launches new real estate qualifi cation
Chairman. Nigel
Michael Portman
Atkinson will lead business development for LetRisks and the new management team will be supported by the
existing staff – there will be no redundancies and both offi ces, in Banbury and Southampton, will continue to support the joined up client base. Michael Portman of LetRisks
comments, “We have created LetRisks to off er agents the combined strengths of Let Insurance Services and PropertyRisks. Both companies are leading specialists in the property insurance market and many members of staff have worked in letting agencies, so we
Miles Ritchie
understand the pressures and challenges that agents face. “We know that agents want
choice on the arrangements with their insurance partner and this merger provides the very best in tailored referencing and insurance solutions available in the market today.” Miles Ritchie
comments, “LetRisks combines years of experience in the property insurance market and an excellent track
record in delivering great customer service. Given the current circumstances in the lettings market where some agents are having to change their business model to meet their provider’s requirements, this is an
opportune time to launch LetRisks, which can off er a range of tailored fl exible and compliant partnership arrangements to suit agents’ needs.” LetRisks is backed by substantial
investment from the Lumley Group which has over 100 years of experience in the insurance market, with an extremely successful track record in the Lloyd’s and general insurance markets, having owned companies in both sectors. LetRisks is aiming high, says
Miles; “Our two companies have always focused on off ering high quality products and support. Together we will be the market leader in terms of our exemplary customer service as we share the same ethos, securing long term partnership relationships with the agent community.”
www.letrisks.com.
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RICS has launched a new qualifi cation, the RICS Real Estate Agency Associate, which is designed to let property professionals without traditional academic qualifi cations gain recognition of their experience in residential, commercial and mixed-use property. RICS says that Associate members earn around £5,500 more than their non-qualifi ed counterparts and enjoy greater prospects and employability. The RICS Associate
qualifi cations were introduced in 2009, with candidates training while in employment, to provide fairer access to the profession and ensure that candidates and members are adhering to RICS standards. On
6 ● April 2012 ● TheNegotiator
RICS Associate membership – a signifi cant fi rst step on the ladder for property professionals.
completion of the qualifi cation, candidates then have the option of studying towards full chartered surveyor status. Richard Deeprose, RICS
spokesperson, said, “The latest Associate pathway allows those without the traditional university education to gain a qualifi cation
that recognises their skills and experience in a variety of real estate sectors. Few property professionals work solely in one area so this new multi - disciplinary qualifi cation refl ects the changing face of the industry. “RICS Associate members earn signifi cantly more than their
non-qualifi ed counterparts and – by qualifying in a variety of sectors – they can enjoy greater, more fl exible career options. While not equating to full Chartered Surveyor status, the qualifi cation represents a signifi cant fi rst step on the ladder.”
www.the-negotiator.co.uk
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