Norwich Union and The Co-operative Bank

Article date: 26 August 2004

Norwich Union has been chosen by The Co-operative Bank to be itsexclusive provider of payment protection insurance on all loan andcredit card products.

The UK’s largest insurer has been providing paymentprotection insurance on Co-operative Bank loans since the mid 1980sbut this renewed four-year deal also includes cover on Co-operativeBank credit cards.

In addition, Norwich Union has been appointed as the exclusiveprovider of Privilege travel insurance for the Co-operativeBank’s Privilege Current Account customers.

David McMillan, partnerships director at Norwich Union, said:"This is great news for both companies and marks a strengthening ofa relationship which began 20 years ago when Norwich Union firstprovided payment protection insurance on loans for Co-operativeBank customers.

"Norwich Union is the largest provider of general insurancethrough corporate partnerships in the UK and this latest deal witha highly-respected bank cements this market-leading position."

Peter Sutcliffe, executive director, retail banking businessmanagement at The Co-operative Bank, added: "We undertook a veryrobust tender programme over a nine-month period. Norwich Unionwere able to meet all our criteria to provide the bank and itscustomers with first class products and service."

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Media contacts:
Jenny Chapman at Norwich Union on 01603 682264 or 07775 822642, orCarolyn Hicks at the Co-operative Bank on 0161 829 4252.

Notes to editors:

  • Norwich Union is the UK's largest insurer with a market shareof around 14 per cent. With a focus on insurance for individualsand small businesses, Norwich Union insures:
    • one in five households
    • one in seven motor vehicles
    • more than 800,000 businesses
  • Norwich Union’s news releases and a selection of imagesare available on the Aviva internet press centre atwww.aviva.com/media
  • An ISDN facility is available for studio quality broadcast -call the press office on 01603 683820

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