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Santander drops general insurance through brokers

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  • 06/03/2015
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Santander drops general insurance through brokers
Santander has withdrawn its general insurance range through intermediary partners in a bid to place its attention on mortgage business for its brokers.

From Tuesday 31 March, the lender confirmed it would be removing general insurance from its new business product range available to intermediaries.

Customers with an existing Santander Additions policy will continue to be protected under the terms of their insurance contract and any such quotations or applications created before close of business will continue to be valid for 90 days, the bank said.

Santander said it would continue to work with its general insurance provider to ensure existing customers received the support they needed.

In a statement the bank said: “Santander reviews its product propositions and channels to ensure they continue to deliver value for customers. Following a review Santander for intermediaries has taken the strategic decision to focus on its mortgage proposition for its intermediary partners.

“Santander will continue to offer general insurance products through its branch network, over the phone and online.”

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