Ageas (Insurance, UK) today announced that it had entered into exclusive discussions with Vauxhall to work together to provide fully branded motor insurance products in the UK to its customers.
The five year deal, agreed in principle, will see Ageas managing all customer sales, service administration and claims service on behalf of Vauxhall. The partnership will create further growth at Ageas's office in Stoke-on-Trent.
The deal is designed to enhance levels of quotability, competitiveness and retention across the Vauxhall customer base.
The deal will be subject to normal regulatory and governance approvals.
Announcing the new agreement Barry Smith, Chief Executive of Ageas UK said:
"This new relationship further enhances our multi-channel distribution strategy, reinforcing our strength in the private car insurance market. Our ethos of high customer service at low cost went a long way to winning this deal. We are delighted to have been selected by Vauxhall for this major new insurance
partnership and look forward to working with them to build a successful relationship."
Rory Harvey, Vauxhall Retail Sales Director, adds:
"Following a detailed tender process, we selected Ageas as our insurance partner, having an ideal fit with the Vauxhall Brand in terms of customer service and competitiveness. We are excited about working with Ageas to build on our already successful insurance programme"
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