Nissan Motors (GB) has selected Maiden Insurance as its insurance partner for car and light commercial vehicle insurance for a 3-year period.
In doing so, Nissan has replaced iGO4 Partners (formerly Equity Insurance Partnerships) as its car insurance provider, although existing policies are expected to remain with iGO4 in run-off.
In doing so, Nissan has replaced iGO4 Partners (formerly Equity Insurance Partnerships) as its car insurance provider, although existing policies are expected to remain with iGO4 in run-off.
The Nissan partnership commences in August 2015 and follows a major tender exercise. The successful bid represents another noteworthy partnership for Maiden in the UK motor manufacturer sector, alongside its existing Vauxhall deal.
Europa Group is being used to administer the partnership for Maiden, and Ageas (as with Vauxhall), will underwrite the cover. It is also understood that a proportion of the premium is being reinsured by Maiden.
Europa Group is being used to administer the partnership for Maiden, and Ageas (as with Vauxhall), will underwrite the cover. It is also understood that a proportion of the premium is being reinsured by Maiden.
The loss of Nissan represents a significant one for iGO4 Partners, which continues to work with Renault, Honda and Kia in this sector. Nevertheless, there are also strong market rumours that at least one of these brands is currently subject to a tender exercise.
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