Sainsbury's Bank has announced a new partnership, set to launch in the autumn, with Allianz for its pet insurance products. The length of the deal has not yet been announced, but Sainsbury's has been active in this market since 1998.
The decision is likely to come as a blow to AXA which currently partners with Sainsbury's Bank and for Thornside, the pet insurance arm of Capita Insurance Distribution. Since 2010, Thornside has been responsible for the sales, fulfilment and claims handling of the Sainsbury's pet insurance partnership with AXA.
The partnership is another significant one for Allianz, which has recently secured the Ford motor insurance deal. UKI continues to partner with Sainsbury's Bank for home and motor insurance.
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