One of the biggest names in UK insurance has joined forces with one of the country’s most well-known building societies as Legal & General announced a new partnership with Skipton Building Society.
A five-year general insurance distribution agreement has been signed between the companies which will make it possible for Skipton customers to purchase Legal & General building and contents insurance online, on the phone or via a branch.
In a company release issued earlier today, the companies outlined that they plan to grow and expand on their distribution partnership by offering general insurance through aggregator sites under the Skipton brand. Kris Brewster, Skipton’s head of products believes customers will benefit.
“A property is more than bricks and mortar, it’s a home,” he said. “And we’re always working to make sure our members can protect the things they love most. So after a thorough review of our home insurance offering, we’re delighted to be partnering with Legal & General. They’ve been insuring homes for over 90 years; and together with our 163 years of helping people save up for their dream home, we believe we’ve entered a great partnership.”
Legal & General Insurance has distribution arrangements for general insurance and protection products with over 15 banks and building societies currently, while Skipton is the fourth largest building society in the UK with more than 858,000 customers and £18.9 billion of assets.
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