LV forms new car insurance broker partnership

Wed, 18 Feb 2009

Liverpool Victoria (LV) has added its ABS Insurance product to a number of BGL Group intermediary services.

Initially, the car insurance offering will appear on the Dial Direct, QuoteMart and Budget panels and will feature on BGL's other offerings later in the year.

Phil Bunker, managing director of LV's broker business, stated that the move should be good for both car insurance firms .

"I'm very pleased that ABC is now trading with BGL. I know the group well and I have been very impressed at the way they have grown their business over the years," the car insurance expert said.

BGL is one of the strongest intermediaries in the car insurance market, he added.

Yesterday, research by Sainsbury's Car Insurance found that the cost of cover fell by three per cent in the second half of 2008.

In June of last year, the average car insurance policy cost £514.36, compared to £498.22 six months later.
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