L&G and Prestige launch strategic partnership
Legal & General and Prestige Underwriting Services have announced a strategic partnership, coming into effect from 1 January 2017.
Prestige specialise in providing cover for non-standard home risks, including properties with flat roofs, unusual construction or subsidence risks, and also to proposers who have previous convictions or a poor claims history.
The firms will work together to achieve growth in the non-standard space through established distribution channels.
Kevin Roberts, broker and affinity director at Legal & General, said: “At Legal & General we are determined to expand our position in the home market and are delighted to have entered into this partnership with Prestige. They were the obvious choice for us to deliver on that ambition given their great reputation and I am excited to work together and utilize the many strengths that we both possess.”
Trevor Shaw, chief executive of Prestige Underwriting Services Limited, said: “We have an extremely focused team of people with established distribution channels and I see this as a huge opportunity to leverage our expertise and capitalise upon the market opportunities that a partnership with Legal & General will bring.
“To be associated with their brand is fantastic and the experience that they can provide will only further our current position in the market and work to encourage growth in the ‘non-standard’ space.”