After confirming that Old Mutual Wealth had re-joined the Association of British Insurers yesterday (see Old Mutual returns to ABI
), an announcement has been made about another new member.
This time it is the turn of Nationwide, the world’s largest building society, to join the fold. The society, which has 15 million customers and around 17,000 employees, offers a host of insurance products including life insurance, home insurance, motor insurance and critical illness. According to Martin Dyson, the head of general insurance at Nationwide, becoming a member will help further solidify the company’s position in the marketplace.
“We are pleased to become an ABI associate member,” he said. “Nationwide is the world’s largest building society, selling a range of insurance products, and this membership further cements our position in the market. We look forward to building on the relationship we already share with the ABI and working even more closely with the insurance industry.”
The ABI has established an associate membership category in an effort to meet the interest of non-insurance companies – ranging from legal firms and price comparison websites to software houses and consultants.
According to Huw Evans, the director general of the ABI, Nationwide’s arrival will see it benefit from a host of networking opportunities, industry updates and thought leadership work.
“We are delighted to welcome Nationwide Building Society as the ABI’s latest associate member,” he said. “Nationwide are a household name with a strong reputation, and the ABI’s associate membership provides a great opportunity for them to work more closely with industry stakeholders and develop significant policy initiatives.”
Old Mutual returns to ABI