The deal will see Ageas underwrite all of Virgin Money’s home products
Ageas UK has finalised a partnership deal with Virgin Money to provide home and motor insurance products through the brand.
An original, strategic partnership was announced in late 2014. Ageas will supply claims management, admin, sales and servicing advice to Virgin Money.
The insurer will solely underwrite the home insurance products, and a panel of insurers selected by Ageas Retail will underwrite the motor.
Virgin Money insurance and investments director Darrell Evans said: “Our products are straightforward, transparently priced and focus on helping our customers when they need it most. Virgin Money is delighted to be partnering with Ageas to provide our insurance proposition.”
This deal marks a string of recent partnerships started by Ageas. Among these, Age UK, Tesco Underwriting and John Lewis stand out.
Ageas Retail chief executive Ant Middle said: “Virgin Money is well known for its outstanding level of customer service so we are proud to be its trusted partner to deliver its insurance proposition.
The launch of this deal continues to underline our ambition to work with like-minded brands to meet customer needs.”