LV= Increases presence on BGL Car Insurance Panels
Press Release 24 September 2009
LV= has added its ABC Insurance private car product to the Post Office and HSBC car insurance panels. Both panels are managed by the BGL Group.
LV= has a strong relationship with BGL with both the ABC Insurance and Highway products appearing on a number of their panels including Budget, Dial Direct and QuoteMart.
Award-winning ABC Insurance was launched in June 2007 by LV= to lead its expansion into the general insurance broker market. The ABC private car insurance product joins LV='s other broker-only brand, Highway Insurance, on the Post Office and HSBC panels.
Michael Lawrence, sales director of LV='s personal lines broker business, commented:
"I'm very pleased that the ABC private car product is now available on the Post Office and HSBC panels. The Post Office has quickly established itself as a key financial services provider and a destination of choice for many consumers looking for car insurance. HSBC is an internationally renowned financial brand with a strong heritage and huge customer base which offers great opportunities for us.”
"BGL is one of the strongest intermediaries in the market and I am pleased ABC will now be able to join our other brand Highway Insurance on these key panels and play a part in the successful partnership between BGL and LV=Broker."
The BGL Group was established in 1992 and is one of the UK's largest insurance intermediaries. The company arranges and administers insurance for two million customers and writes circa £600m of business per annum.
Notes:
LV=
LV= Broker is part of the LV= group of companies, and incorporates Highway Insurance and ABC Insurance. LV= is a trademark of Liverpool Victoria Friendly Society Limited (LVFS) and a trading style of the Liverpool Victoria group of companies.
LV= employs more than 3,800 people, serves more than 3.6 million customers and members, and manages around £7 billion on their behalf. We are also the UK's largest friendly society (Association of Friendly Societies Year Book 2006/2007, Total Net Assets) and a leading mutual financial services provider.
The BGL Group
The BGL Group was founded in 1992 and has grown to become one of the UK's largest personal lines insurance intermediaries.
Brands within the BGL Group include BUDGET car, van and home insurance, Bennetts bike insurance and carbon-neutral motor insurance, ibuyeco. Junction, BGL Group's affinity business, works with brands like Post Office®, HSBC, M&S Money and Auto Trader to offer insurance products to their customers. The Group also offers a wide range of supplementary products including breakdown cover and legal protection.
The BGL Group has more than 2.2 million customers and more than £600 million GWP. It operates major contact centre operations (Fusion) in Peterborough, Coventry, Sunderland, Peterlee in the UK, and Cape Town, South Africa. The Group currently employs over 2,150 people with its head office in Peterborough.
In 2006 the Group was named ‘Intermediary of the Year' (Insurance Age UK Broker Awards) for its outstanding contribution to the insurance industry. In October 2007 the Group was ranked 229th in the Sunday Times HSBC Top Track 250 of Britain's 250 biggest mid-market private companies by latest sales.
In 2007 the Group won the coveted title of Large Business of the Year in the regional Business Awards hosted by the Evening Telegraph, Peterborough. The Group's affinity business, Junction, won Marketing Campaign of the Year 2007 at the Insurance Times awards.
About Post Office Car insurance
Launched in July 2004, Post Office car insurance is one of the fastest growing car insurance providers in the UK.
The Post Office uses a panel of insurers meaning it does all the hard work for customers in finding the most competitive quote possible. A choice of additional cover options are available, including breakdown cover. The Post Office also offers its customers a range of other great value insurance products including travel, home, van, pet, and life insurance.