LV= Joins Budget Car Insurance Panel

LV= has added its ABC Insurance private car product to a number of BGL Group car insurance panels. Initially, the product will appear on the Budget, Dial Direct and QuoteMart panels and is expected to go live on other panels, including those of BGL's affinity arm, Junction, during the course of 2009.  

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 recently acquired broker-only brand, Highway Insurance, on the BGL panels. 

Phil Bunker, managing director of LV='s broker business, commented: "I'm very pleased that ABC is now trading with BGL. I know the group well and I have been very impressed at the way they have grown their business over the years. They are one of the strongest intermediaries in the market and I am pleased ABC will now be able to play a part in their success story."

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. 

Will Price, director of group product development for BGL, said, "We are always looking for opportunities to become even more competitive for our existing and future customers, and this new relationship will drive real benefits for all involved. The BGL Group brands offer access to more than two million existing customers. We have ambitious plans to grow this number in the future and I'm really looking forward to doing that with the LV= team."

LV=

LV= Broker is part of the LV= group of companies. LV= is a trademark of Liverpool Victoria Friendly Society Limited (LVFS) and LV= is a trading style of the Liverpool Victoria group of companies.

LV= employs over 3,700 people, serves more than 2.5 million customers and members, and manages more than £7.7 billion on their behalf. We are the UK's largest friendly society 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 2.3 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 2007 hosted by the Evening Telegraph, Peterborough. The Group's affinity business, Junction, won Marketing Campaign of the Year 2007 at the Insurance Times awards.