Customers of BGL Insurance will gain access to the managing general agent’s solution for non-standard and niche risks, including modified and high-performance and imported vehicles, as well as poor driving history and motoring or criminal convictions.
Prestige joins a panel featuring BGL’s own brands, Budget Insurance, Dial Direct, Zenith, Geoffrey and Jaunt, which provide a range of motor and home insurance products, and Markerstudy Group behind it.
The addition of Prestige’s non-standard motor product will support BGL in accessing new customer segments and widening its quote footprint, while the MGA will benefit from expanded reach.
Commenting on the announcement, Angela Wilson, senior broker development manager at Prestige, said: “I am delighted to establish and build on a relationship with BGL Insurance and to promote our non-standard motor proposition which is now live for their customers on their own brand platforms.
“Our motor solution is unique in its design and risk appetite, and I am very pleased to offer BGL customers choice when it comes to cover requirements for high performance, modifications and customers with convictions.”
Wilson added: “Through its own brand platforms, BGL Insurance has developed a motor customer base of circa 2.2 million private car policyholders and with our new product, we are excited to support further growth in these niche areas.
“The launch of Prestige Underwriting onto the panel is testament to the collaboration and investment by both parties and we look forward to enjoying a long and mutually beneficial relationship.”
Iain Belson, associate director for insurer engagement at BGL, commented: “We have worked in partnership with Prestige for some years on our home product, and I’m thrilled that we are now able to extend that into the motor market.
“Being able to offer customers choice and competitive pricing is important to BGL Insurance and introducing this new scheme will help us do this, in particular helping us to reach new segments of the market. There has been great collaboration from both teams to get us to this point and I look forward to how we further develop this in the future.”