Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

IAG to exit IAL brand.

Document Cited in Related
Vincent

ENPNewswire-September 9, 2021--IAG to exit IAL brand

(C)2021 ENPublishing - http://www.enpublishing.co.uk

Release date- 08092021 - IAG today announced it will exit its IAL brand as part of its focus on strengthening the fundamentals of its core insurance business.

IAG today announced it will exit its IAL brand as part of its focus on strengthening the fundamentals of its core insurance business.

IAL distributes personal lines insurance (Motor, Home and Landlord products) exclusively via the Steadfast Client Trading Platform (SCTP).

Steadfast is the largest general insurance broker network and its SCTP provides a marketplace for brokers to access products from participating insurers.

IAG's decision follows a comprehensive review of its Broker Personal Lines business which examined the most effective way for IAG to provide products and services to the Broker Personal Lines market.

IAG will continue to provide insurance to this market through its CGU brand. It is anticipated that CGU will join the SCTP by the end of FY22.

IAG Managing Director and CEO Nick Hawkins said IAG is dedicated to continuing to provide its brokers and partners with the best possible products and services.

'On my first day as CEO I established a dedicated Intermediated Insurance business to focus on the needs of our brokers and partners who play such an important advisory role for their clients to ensure their assets and businesses are protected,' Mr Hawkins said.

'We believe consolidating our product offering for the Broker Personal Lines market under the CGU brand is an important step in simplifying our business and ensuring we can provide the best possible products and experiences for our valued brokers and partners.

On my first day as CEO I established a dedicated Intermediated Insurance business to focus on the needs of our brokers and...

To continue reading

Request your trial
COPYRIGHT Normans Media Ltd.

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT