Tesco and Fortis invest £100m each in insurance partnership
Tesco Personal Finance and Fortis to form new partnership providing motor and household insurance.
Tesco Personal Finance and Fortis have concluded their discussions, previously announced on 25 June, to form a new partnership providing motor and household insurance.
The partnership will create 1,500 new jobs in the UK and give Tesco responsibility for retail pricing, sales and marketing, customer service and new product development. Fortis will provide underwriting and claims management.
The deal will add another 1.5m motor and household customers to Fortis' existing customer base of around
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