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Sesame wins PI deal for members

Sesame has negotiated a 10 per cent average reduction in professional indemnity ins-urance for its members.

The deal has been struck with professional indemnity insurance broker Windsor, which already supplies PI cover to the majority of Sesame members. The agreement comes after a 15 per cent reduction last year.

Sesame says it expects further cuts on excess levels and claims the deal offers better terms than are generally available in the market.

But rival PI broker PYV says it is confident it can offer improved terms and has sent out a mailshot to Sesame firms asking them to send it Windsor’s proposal forms.

Sesame spokesman Jared Aitken says: “We have been able to negotiate a deal which we believe is superior to that which is generally available to the rest of the IFA sector.”

But Collegiate spokesman Ron Kennedy says: “Ten per cent is a small reduction compared with the general reductions of between 20 and 25 per cent across the market.”

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