Allianz UK has struck an agreement with Sainsbury’s Bank that will see the carrier’s group company Liverpool Victoria Insurance Company Limited offer, from 1st November, replacement home and motor insurance policies to existing customer as their policies expire. Earlier this month, Allianz UK announced a deal to become the motor insurance provider for Volkswagen Financial Services UK.

Serge Raffard, managing director for personal lines at Allianz UK, said: “This agreement is a proud moment for Allianz UK and I’m excited to bring our insurance expertise to support Sainsbury’s Bank customers with their future insurance needs. This announcement is between two organisations who look after customers across the UK every day and it’s a relationship built on shared values and a mutual commitment to customer excellence.

“It underlines the strides we’ve made in the UK market over the past year as we seek to reach new customers and offer an increased choice of products. We are continually evolving our offering and our distribution footprint to create seamless and high-quality customer experiences as we grow profitably and strengthen Allianz in the UK.”

Bláthnaid Bergin, chief financial officer at Sainsbury’s, added: “It’s really important to us that we work with partners who share our values and customer focus, which is why I’m pleased to be announcing this new agreement with Allianz today. It is a leading and highly experienced business and we’re confident they will continue to deliver our customers the best experience and offering possible.”