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Paragon launches landlord insurance arm

Paragon Group has launched a residential landlord insurance division, Redbrick Landlords Insurance.

Redbrick offers a range of specialist insurance products for landlords, including buildings and contents, legal expenses, rent guarantee and commercial property insurance.

One of Redbrick’s core offerings is its Portfolio insurance product, which enables landlords to take out one insurance policy for their entire portfolio of properties rather than a single policy for each individual property.

Tony Armitage, who has spent over 30 years in the property insurance industry, will head up Redbrick.

Armitage says: “Through both its mortgage and insurance operations, Paragon has developed a detailed understanding of what professional landlords want and how they operate. We have a great insurance proposition for them and we are looking forward to extending this to the wider market for the first time.

“Being a residential landlord can be a stressful business, but ensuring you have adequate insurance from professionals who understand the market can make life much easier.”

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