Royal & SunAlliance has today been appointed by Derbyshire Building Society as the sole provider of its buildings, contents and creditor insurance policies.
The deal will be worth approximately £30m in GWP over the three years of the contract.
New business will launch on February 5, 2007 and the claims handling for the existing delegated scheme policies will transfer over to R&SA from April 1, 2007.
The policies will be available as a single combined policy or as separate policies and customers will benefit from a discount of up to 35 per cent off The Derbyshire’s new buildings and/or contents insurance, with free legal expenses cover for 12 months.
Buildings cover will automatically be insured up to £400,000, and contents automatically covered for up to £50,000.
RS&A managing director, Affinity Julie Hopes says: “Winning this business is a further endorsement of our household offering and is another important progression in the growth of our Affinity business. This partnership demonstrates our commitment to working flexibly and providing suitable products to serve the needs and wants of our customers.”
The Derbyshire retail director Andy Thorpe says: ” “We are delighted to team up with Royal & SunAlliance to bring our customers home insurance from one of the UK’s largest insurance groups. This new partnership is further evidence of how we are reshaping our retail business to ensure we meet our customers’ needs more effectively with a greater choice of new and innovative services.”