Legal & General will provide exclusive household, mortgage payment protection and travel insurance cover to the society's mortgage and non-mortgage customers. The products will be offered to customers via their branch network as well as through the customer contact centre and mortgage advisers.
The Newcastle’s sales staff now have access to Legal & General’s point of sale service, online protection (OLP), to provide general insurance quotes and set-up applications for customers.
Jane Dale, managing director for Legal & General's general insurance business, said: “We are delighted that Legal & General has been appointed as the Newcastle’s preferred general insurance supplier. We share the same principles of providing quality benefits to customers, as well as taking advantage of new technologies in order to provide innovative services. Legal & General’s online service is highly regarded in the market and we will be taking advantage of the operational and administration benefits of this service to offer a superior value for money general insurance service to the customers of the Newcastle.”
Colin Seccombe , CEO of Newcastle Building Society, said: “Newcastle Building Society prides itself on providing products and services that meet customer needs and reflect changing lifestyles.
“Legal & General has a track record of success and a very clear understanding of the insurance issues facing our customers, and we are therefore delighted to have agreed this strategic partnership with them. Their experience and expertise fits perfectly with our own customer-led approach and we look forward to a long and rewarding relationship.”
