Lloyds TSB Insurance is to begin a pilot scheme to sell commercial insurance to its larger business customers.
The move, an expansion of its present commercial insurance operations, would target business clients with turnover of between £2m and £25m.
At present, the bank targets smaller business clients with turnover under £2m.
"We want to increase the range of customers we quote for," Phil Loney, managing director, Lloyds TSB Insurance, told Insurance Times.
The announcement came as the company reported half-year pre-tax profits of £114m, up 21% on the previous year.
New home insurance gross written premiums through Lloyds TSB's UK Retail Bank grew by 39%, with sales via the internet now accounting for 34% of all direct sales volume. New gross written premiums from commercial insurance increased by 12%.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
