The partnership means that Legal & General’s pure protection and general insurance products will be available to National Guarantee’s 40 advisers when arranging mortgages and remortgages for their customers.
A launch ceremony took place at 11.00am on Wednesday 7 May at National Guarantee’s offices in Birmingham, to commemorate the deal and provide an opportunity for staff of both companies to meet each other and mark the launch date. This was followed by a reception at One Victoria Square, which are the new offices that National Guarantee will relocate to in July 2003.
Speaking at the launch, Keith Robinson, Chief Executive of National Guarantee said, “This is a real turning point for the company. We believe with Legal & General as partners we can widen our product offering across all housing and protection products and provide a valuable service to our clients. Legal & General are the perfect partner for us as they have invested not only in housing and protection products but also the technology to deliver the service that is crucial for intermediaries like National Guarantee PLC. By combining
Legal & General’s existing e-trading solutions with other systems, we can be the gateway to meeting all of our client’s financial services needs around these transactions, saving ourselves time and money by allowing a single entry of data with pre-population of items throughout”.
Legal & General has established a wide range of partnerships to support its strategy of delivering value-for-money products through multi-distribution. Commenting on this new partnership,
Legal & General’s Group Director Robin Phipps said, “We are particularly pleased to have joined forces with National Guarantee, who we consider to be a key business partner. Our pure protection products are well suited to the non-standard mortgage market and we are looking forward to developing a successful strategy to grow both businesses. We now have a number of important business partners and our experience in this area has enabled us to deliver to them not only competitive products, but a comprehensive package of training and support.”
