Norwich Union has won a contract to provide household and creditor insurance to the Scarborough Building Society’s borrowers. The insurer has to date been supplying the Society’s mortgage indemnity insurance. The household and creditor book of business is expected to be worth £8m in gross premium income over three years.
Graham Boffey, corporate partnerships director at Norwich Union, said: ‘Scarborough BS demands very high standards of service, stability and reliability and we are delighted to demonstrate that we can meet its high expectations. This win confirms Norwich Union’s reputation as a trusted and valued partner in an increasingly uncertain and competitive marketplace.’
Paul Draycott, general manager, marketing at Scarborough Building Society, added: ‘We are delighted to extend our relationship with Norwich Union with whom we can enhance our range of quality products, aligned to excellent service for the long-term benefit of our members.’