Rendall & Rittner, a leading managing agent, boasts to leaseholders that it does not take commissions on block insurance, but it does own an offshore ‘captive’ insurance company in Guernsey that routinely makes a 40% profit on premiums. LKP has been contacted by concerned leaseholders, and the issue was raised with the Financial Conduct Authority … Continue reading Rendall and Rittner … no insurance commissions, but it owns an offshore ‘captive’ insurance company making a 40% profit on leaseholders’ premiums