Wednesday, 22 June 2011

Sainsbury’s launches car insurance partnership with RBSI

RBS Insurance (RBSI) has kicked off its motor insurance partnership with Sainsbury’s and has ambitions to achieve 500,000 customers by the end of the 5 year deal.

RBSI will provide the underwriting, sales, service and claims management to Sainsbury’s Finance customers and has taken over from esure; which had worked with the supermarket for the previous 10 years.

RBSI previously partnered with Tesco, which moved its personal lines business to Ageas in October 2010. Sainsbury’s continues to partner with St Andrews and First Assist for its household and travel insurance respectively. 

HSBC re-signs Aviva partnership for 5 more years

HSBC and Aviva have renewed their general insurance partnership for a further 5 years; making this one of the UK’s largest and most important affinity deals.

The deal was originally signed in 2007 and has recently been extended to 2016.  Aviva becomes the bank’s strategic partner in Europe and the UK and it covers the sale of home, travel and creditor business through a wide range of channels.

HSBC currently partners with Junction for motor insurance; following a 5 year deal signed in September 2008. 

Age UK seeks IFA partner

Age UK Enterprises, the commercial arm of the charity Age UK, has announced that it is seeking a partnership with a national IFA, to supplement 2 other recent partnerships and to provide its customers with access to independent financial advice.

In November 2010 it teamed up with Premier Retirement Services, part of JLT Benefit Solutions, to launch an annuity service.

In March 2011, the charity launched its equity release advice service with Just Retirement Solutions. Details of the IFA service will be announced shortly.