Ageas UK and Virgin Money have teamed up to create a range of home and motor insurance products for the UK market during 2015.
Ageas will support Virgin Money by providing sales, servicing, administration and claims management support. Home Insurance products will be solely underwritten by Ageas and Motor Insurance will be underwritten by a selected panel of insurers managed by Ageas.
Virgin Money provides retail banking services to 2.8 million customers through a range of channels, including digital (online and mobile), intermediaries, call centres and a national network of 75 stores and five customer lounges.
Darrell Evans, director of banking, insurance and investments, Virgin Money, said: “We are delighted to be partnering with Ageas to provide our Home and Motor insurance proposition. Our products will be straight forward, transparently priced and will focus on helping our customers when they need it most. I am looking forward to working closely with Ageas for the benefit of our customers.”
Ant Middle, managing director for partnerships at Ageas, said: “I’m delighted that we are building a long term strategic relationship with one of the UK’s most admired brands. Virgin Money is a progressive and customer focused business and our combined values and expertise are entirely complementary.
“We are excited by this new opportunity particularly as it underlines Ageas’s ambition to grow our partnerships business. We can’t wait to get started.”