L&G in GI deal with the Coventry

Published on

Legal & General and Coventry Building Society have announced a five year partnership to offer general insurance products to the Society’s members.

The partnership agreement with the Society will start in January 2017, with existing insurance customers having the option of taking out a policy with Legal & General from that date.

This represents the fourth general insurance distribution agreement Legal & General has recently agreed.

L&G says that in aggregate these should increase 2017 gross written premiums by £30 million to £40 million.

Mark Holweger, managing director of Legal & General Insurance Partnerships, said: “It’s excellent news Coventry Building Society has chosen us as their general insurance partner, and I look forward to providing their customers with great value general insurance products and excellent customer service.

Andy Deeks, product, marketing and strategy director at Coventry Building Society: added: “Our number one priority was finding a provider that shared our Members First ethos and values, so achieving the right cultural fit was as important to us as finding a provider that could handle the transition in a seamless fashion.

“We are also delighted that customer premiums will be less than the current year and that cover will be at least as good as what is in place now, consistent with our aim to deliver long-term value for our members.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Skipton loses former Connells chief’s discrimination case

Skipton Group Holdings and Connells have lost an employment tribunal case brought by former...

IMLA supports flexible mortgage rules but says housing supply remains key

Mortgage lenders have backed proposals to give first-time buyers and other underserved borrowers greater...

Mortgage borrowing jumps to £7.7bn

Net mortgage borrowing more than doubled to £7.7bn in June, up from £3.3bn in...

AMI says mortgage rule reforms must keep advice at their core

Proposals to give lenders greater flexibility must be supported by mortgage advice if they...

Stamp duty deters half of over-65s from moving

Half of over-65s see stamp duty as a barrier to moving home, despite 58%...

Latest publication

Other news

Skipton loses former Connells chief’s discrimination case

Skipton Group Holdings and Connells have lost an employment tribunal case brought by former...

IMLA supports flexible mortgage rules but says housing supply remains key

Mortgage lenders have backed proposals to give first-time buyers and other underserved borrowers greater...

Mortgage borrowing jumps to £7.7bn

Net mortgage borrowing more than doubled to £7.7bn in June, up from £3.3bn in...