The latter, part of DUAL, the underwriting arm of Hyperion Insurance Group, has today revealed a long-term partnership with the insurer focused on its UK legal indemnity insurance business.
Under its Norwich Union brand, Aviva will become part of DUAL Asset’s online comparison websites including mylegal-indemnity-shop.com, in England and Wales, my-title-insurance-shop.com in Northern Ireland and my-defective-title-shop.com in Scotland. The move makes a range of insurance products for both residential and commercial property transactions available under the Norwich Union brand via the quote and buy portal, while Aviva will also provide £75 million of capacity to DUAL Asset for right of light policies.
It’s a deal that DUAL Asset believes “consolidates its position as one of the leading legal indemnity underwriters worldwide.”
“We’re clearly delighted to be partnering with such a strong brand in Aviva, which will further consolidate the strength of our online comparison sites, as the easiest and quickest way to get quotes from the leading players in the market,” said Ian Keith, managing director at DUAL Asset. “DUAL Asset is always looking for ways to evolve our product offering, using technology to deliver best-in-class products to our clients and these market-first portals are another example of this.
“In addition, Aviva providing rights of light capacity allows us to seriously and competitively enter a market that we have not focused on to date.”
Kevin Mills, head of legal indemnities at Aviva, commented that the two offer “well-known and trusted brands.”
“I am confident that together we can deliver a range of products to suit transactions of all shapes and sizes,” he said. “I have known many of the management team at DUAL for a number of years and am confident they share the same core belief as the team here at Aviva that delivering a consistently high level of customer service is paramount.”