Legal and General is planning to expand out from home insurance into pet, travel and motor.
General insurance managing director Duncan Finch has vowed to remain competitive but ‘not to chase rates'.
Pet and travel are likely to be underwritten by L&G, with motor brokered to a panel of underwriters.
L&G currently pulls in the vast majority of its general insurance premium through brokers and independent financial advisers.
Finch told InsuranceTimes.co.uk: “We will not chase price or volume to drive our portfolio to a certain size, that is not our game. We price for our risks and will take that rate into the market and we will offer great service.”
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