Barclays extends Aviva contract to 2015

Barclays has renewed its existing contract with Aviva who will continue to be the sole provider of home insurance to Barclays UK retail banking customers until 2015.

The deal continues the multi-million pound contract orginally announced in 2005.

Outgoing Aviva UK general insurance chief executive Igal Mayer said: “We’re delighted Barclays has renewed its contract with Aviva, which further demonstrates our commitment to increasing our position in the general insurance market.

“This deal is a testament to the good relationship we have enjoyed over the last five years, building a mutually beneficial partnership which is profitable and continues to grow.”

Barclays is Aviva’s biggest household insurance partner and the insurer also provides the bank’s small business, high net worth and travel cover.

Gary Duggan, managing director consumer lending, insurance & investments, UK retail banking, Barclays added: “When we entered into our partnership with Aviva, it was our intention to increase Barclays’ presence in the general insurance market.

“This has been very successful, with sales of insurance through Barclays now making us one of the top ten providers in the UK and reflecting the powerful combination of Barclays distribution and Aviva’s insurance expertise. Since we began the contract with Aviva, the number of home insurance policies we provide has increased by 40 per cent.

“Renewing this partnership with Aviva will allow us to build on our previous success to grow our market share in general insurance and to continue to deliver a genuinely attractive proposition for our customer.”