Principality Building Society, the UK's 6th largest, has announced a new home insurance partnership with Legal & General. Some reports have suggested that the building society has "renewed" this partnership with L&G, but it is in fact, a new relationship for household cover.
Legal & General has, however, partnered the Principality since 2013 when it replaced Aviva as the society's life insurance and financial planning provider. Principality also partners with Dignity for pre-paid funeral plans.
The selection of L&G follows a tender exercise and sees the replacement of RSA as its home insurance partner. Nevertheless, RSA remains a market leader in terms of the number of building society home insurance partnerships, including Yorkshire, the West Brom and Nottingham.
Legal & General has, however, partnered the Principality since 2013 when it replaced Aviva as the society's life insurance and financial planning provider. Principality also partners with Dignity for pre-paid funeral plans.
The selection of L&G follows a tender exercise and sees the replacement of RSA as its home insurance partner. Nevertheless, RSA remains a market leader in terms of the number of building society home insurance partnerships, including Yorkshire, the West Brom and Nottingham.
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