Underwriter builds on existing deals with Heath Lambert and the AA.

Lloyds TSB Insurance (LTSBI) has joined the home insurance panel for Budget, one of the brands owned by the BGL Group.

In a statement Lloyd's said the move would further strengthen the company's position in the corporate partnerships market.

Among its other corporate partnership relationships, LTSBI is currently an underwriter for both the AA Insurance and Heath Lambert Home panels, and recently secured a new partnership with Resolution Life.

Paul Eustace, Head of Corporate Partnerships at Lloyds TSB Insurance, said: “Lloyds TSB Insurance is delighted to have joined Budget’s home insurance panel. As one of the leading providers of home insurance in the UK, we look forward to building a long and mutually beneficial relationship with BGL Group, one of the countries largest insurance intermediaries”.

Will Price, Director of Product Development for the BGL Group added: “It’s very important for all of our brands that we have a robust panel of high quality insurers, to offer the best possible experience for both our own customers and those of our affinity partners. As a market leader, Lloyds TSB Insurance is an excellent organisation to work with and will deliver many benefits to our brands. We are proud to welcome them as a new partner.”