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Jul 28, 2006
Lloyds TSB
Insurance, a subsidiary of Lloyds TSB Group, announced the acquisition of the
new and existing general insurance business of Pearl Group. As a result of this
move, Lloyds TSB now has the right to market a range of general insurance
products under the Pearl brand across the UK.
By acquiring Pearl’s general insurance
business, Lloyds TSB Insurance claims to have further strengthened its
leadership position in the home insurance market and extended its distribution
capabilities within the retail sector. Lloyds TSB Insurance plans to provide
home, motor, travel, commercial and mortgage insurance to Pearl Group customers
under the Pearl,
London Life and NPI brands.
This agreement
with Pearl is the latest in Lloyds TSB Insurance’s expanding corporate
partnerships portfolio that includes organizations such as AA, More Than,
Goldfish and Argos Retail.
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