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BGI UK joins KYND’s Broker Programme to simplify and accelerate cyber insurance sales


KYND Limited, provider of pioneering cyber risk management products, today announced that specialist insurer BGI.UK has become a member of the recently launched KYND Broker Programme to help its broker members overcome the industry-specific challenges they’re facing when selling cyber policies and drive the sustainable growth of the cyber insurance market.

The exclusive KYND Broker Programme uses KYND’s pioneering cyber risk technology and insights to provide its members with unrivalled access to the cyber tools, resources, and 360-degree sales support that enables brokers to become cyber experts and provide the best information and advice to their clients, removing many of the obstacles faced when selling cyber insurance.

Andy Thomas, KYND’s CEO, comments: “We are delighted BGI.UK has joined the KYND Broker programme. As cyber risks continue to impact businesses, now more than ever, cyber insurance is a necessity, not a luxury. With our Broker Programme we aim to demystify cyber risk for both brokers and their clients by giving our members the tools and support to effectively meet the growing need for cyber insurance”.

Nick Elwell, BGI.uk’s CEO, adds: “We aim to give the best practical advice and service to our clients, but in a world where cyber risks are evolving and emerging daily, this presents ever-growing challenges. That’s why we’re absolutely delighted to join the KYND Broker Programme. For the first time, we can instantly access expert cyber insights in an easy to understand way that we can share with our clients and full support for our brokers throughout the sales process which is invaluable in ensuring we continue to deliver the ultimate service to our insureds”.

About KYND
Founded in March 2018 and headquartered in London, KYND is a new breed of cyber company. KYND makes complex cyber risks simple to understand and manage for every organisation, regardless of size, means or industry sector.

About BGI.uk
BGi.uk is a privately owned, independent insurance broker regulated by the Financial Conduct Authority. Established in 1982, BGi.uk has developed a portfolio of clients throughout the UK who operate worldwide. Specialising in a variety of insurances ranging from complex commercial risks to everyday ‘home and contents’ BGi.uk offer bespoke, tailored insurance solutions to clients directly or as a wholesale broker imparting technical expertise and providing access to niche market areas.

– For more information about KYND visit www.kynd.io
– For more information on BGI.UK, please visit www. bgi.uk.com/cyber-insurance/

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Commercial Finance Broker Completes £2.7M Investment Deal For Eco-Luxury Apartments in Scarborough


It’s not all doom and gloom for the local economy during these unprecedented times, as companies seek to do business from the comfort of their homes. Leeds based Commercial Finance broker, ‘Xander Wealth Commercial Finance’ have just sealed a £2.7m investment/development finance deal in partnership with a local developer for the construction of seventeen high specification apartments on Filey Road in Scarborough. The company which specialises in development finance sealed the deal in May 2020. Work on the scheme is due to begin imminently and will be completed by August 2021.

These brand new unique apartments are specially designed and suitable for all age groups, including the elderly, disabled and families. They will be constructed from special insulating concrete, made with rigid thermal insulation and interlocking modular units which are dry-stacked and filled with concrete. The complex will have wheelchair access and be environmentally friendly too. Some of the apartments have views of Scarborough’s South Bay and are located near the town centre, train station and beach.

Xander Wealth founder, Kristian Alexander Wilkinson commented:
“This will be a wonderful addition to the local community of Scarborough, offering high specification, eco, accessible apartments suitable for people of all ages, with potential for tourists and permanent residents alike”

This represents a large deal in Xander Wealth Commercial Finance’s short history, which Wilkinson started in 2017 and after two years of building contacts started trading in February 2019. They offer a wide range of finance products, including development finance, bridging loans, commercial mortgages and ‘Buy to Lets’ for Ltd companies. To date they have arranged funds worth over £4.2m since its inception. They are now working on a small housing scheme in Castleford as well as one in Barnsley too. Wilkinson’s future ambitions is to establish his own credit line for the development of housing & commercial schemes across the county.
Despite the drawbacks of the Covid-19 pandemic, Xander Wealth keeps going from strength to strength.

1. Kristian Wilkinson has spent his working life hosting events in Yorkshire, building the website and social platform, I-Yorkshire which promotes Yorkshire to the World and is a passionate Yorkshireman.
2. For more information on Xander Wealth visit https://xanderwealth.com/
3. Visit the I-Yorkshire website at https://marketplace.i-yorkshire.com/

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Should I Sue My Broker? What To Do When You Think a Brokerage Firm Has Ripped You Off

If you’ve been using a broker to help you manage your financial investments, the chances are you went out of your way to make sure you had chosen a broker you could trust. However, sometimes looks can be deceiving, and this may not have been the case.

If you feel like you’ve been ripped off by your broker, the chances are you’re going to want compensation, which in some cases, may result in your suing them and taking them to court. Yet, something can feel a little off about doing this. After all, you’ll be going against a firm that potentially has a lot of money to stop you from winning your case.

With this in mind, you’re left wondering whether it’s a good idea after all, but you’ll still need compensation for the money you lost. Today, we’re going to explore everything you need to know.

What Counts as Being Ripped Off?

There are plenty of ways a broker could leave you feeling like you’ve been scammed. For example, they make have given you poor financial advice. Perhaps you’ve been given another expert’s opinion who states that the options they gave you didn’t sound right. Maybe you felt misled with the information you were given.

Any of these, and more could be the result of an illegitimate practice of a broker, in which you were the victim.

Of course, if you want to sue on these grounds, you’re going to need a strong case, and to have a strong case you’re going to need evidence. Substantial evidence that will stand up in a court of law. This is where the problems begin.

The Positives of Suing a Broker

In the best situation, you’ll confront your broker, tell them what happened, and you’ll agree to a certain amount of compensation in the form of a fixed fee. Then, the broker will pay, and everyone will continue on with their lives. Of course, this is not always going to be the case.

In fact, this is never usually the case because most brokers will despise the idea of paying damages claims and will ultimately choose to fight the accusations.

This is mainly because if one person stands up and wins a case, this opens the opportunity for any other clients of the broker to stand up and also claim what they are due. Usually, if you feel like you’ve been ripped off, some of the other clients using the firm will feel the same.

Dealing with the Right Firm

If you’re dealing with a large firm, the odds are sadly stacked against you. They will have a lot of money to pour into a good case, and they will do everything they can to point the finger elsewhere, whether that’s at the markets, the law, or even you.

However, with the right professional help, such as a firm such as Erez Law, you may be able to build a strong case to get the money you deserve. On the other hand, if you’ve been using a small brokerage firm who don’t have the resources for expert legal help, you may have more of a chance of winning. Always seek professional help for the best advice on your personal circumstances.

Summary

The truth is, going against a brokerage firm to get the money you feel you deserve is never an easy path, and you definitely need to be strong-willed if it’s something you want to do. However, if you’ve got the guts and you feel your case is strong enough, there’s no reason you shouldn’t pursue this as a solution.