Leading international insurance group, RSA, and Nationwide, the world’s largest building society, today (17 December 2015) announce an exclusive five-year partnership deal.
From spring 2017 RSA will underwrite all of Nationwide’s Home insurance products.
The deal will cement RSA’s position as the market leader in home insurance and specifically in partnering with members of the building society, banking and retail sectors.
Stephen Lewis, Chief Executive, UK and Western Europe, RSA said:
“We are thrilled to be working with Nationwide Building Society. This deal reaffirms our status as both a market leader and a preferred partner of some of the best known brands in the UK.
“As a leading home insurance provider, we are a natural partner to the world’s largest building society. We will be able to offer Nationwide’s members a high quality and competitive product designed around their needs, complemented by our first class service.”
Chris Rhodes, Nationwide’s Executive Director for Group Retail, said:
“The RSA Group has over 305 years’ experience and we are delighted to announce them as Nationwide’s new home insurance partner.
“RSA is a natural fit for the Society due to its strong reputation for service and appeal to customers. We are confident that this partnership will allow us to grow in the home insurance arena, by offering our members a flexible, competitive product, underpinned by the great service they expect from Nationwide.”
As a result of this new partnership, RSA will recruit additional personnel at its Peterborough office.
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Notes to Editors
With a 300 year heritage, RSA is one of the world’s leading multinational quoted insurance groups. RSA has major operations in the UK, Scandinavia, Canada, Ireland, Latin America and Middle East and has the capability to write business in around 140 countries. Focusing on general insurance, RSA has around 18,500 employees and, in 2014, its net written premiums were £7.5billion.
About Nationwide Building Society
Nationwide is the world's largest building society as well as one of the largest savings providers and a top-three provider of mortgages in the UK. It is also a major provider of current accounts, credit cards, ISAs and personal loans. Nationwide has around 15 million customers.
Customers can manage their finances in a branch, via the mobile app, on the telephone, internet and post.
The Society has around 17,000 employees. Nationwide's head office is in Swindon with administration centres based in Northampton, Bournemouth and Dunfermline. The Society also has a number of call centres across the UK.