Tesco Bank switching to in-house underwriter for all home and motor insurance
Tesco Bank new and renewing home and motor policies will be underwritten by Tesco Underwriting from August, the business announced on Tuesday.
The move follows Tesco Bank’s purchase, at a cost of at least £125m, of Ageas’ 50.1% share in the underwriting business.
The deal was first revealed by Post in October 2019 and confirmed a year later
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