Broker Direct has partnered with China Taiping to create a suite of property insurance products. A residential property owners product will be the first to launch in the coming months. Broker Direct said commercial property owners, home and commercial combined products would follow. China Taiping’s capacity is A-rated by Fitch.

Iain Gray, chief executive of Broker Direct, said “This is a powerful opportunity for brokers to access highly competitive rates, backed by the strength and security of A-rated capacity. Everything about this launch has been designed to help brokers win and retain more business – from the breadth of cover and pricing to a fast, intuitive online platform that makes quoting and binding straightforward.”

John Pyall, chief underwriting officer at China Taiping (UK), added: “We have worked together to develop an effective solution to our brokers, providing a specialised residential letting solution to their clients. This is the first step on our journey of providing further tailormade property and liability solutions for our clients.”