Covéa Insurance and Hood Group launch strategic trading relationship

26th April

Hood Group today announces that Covéa Insurance, one of the most trusted and well-respected insurers in the UK, has joined its panel of insurer partners.

Hood Group Commercial Director, Bruce Reid, comments:

"We’re committed to evolving our existing products as well as developing new types of insurance cover that will add value to our brand partners and deliver products that truly serve today’s customers. We want to build relationships with forward thinking insurers to help enhance our current brand partner propositions and help us test new concepts and deliver new products, so we’re delighted to be able to work with Covéa Insurance. They not only have a wealth of experience across a wide range of product lines but also enjoy an outstanding reputation for innovation and high levels of customer care.”

 

Sue Coffey, Director of Intermediated Distribution, Personal Lines at Covéa Insurance adds:

“Hood Group has established a reputation for helping their partners deliver innovative insurance solutions and we’re looking forward to working with them. Their ‘Select & Protect’ business has a strong reputation amongst UK mortgage intermediaries, a sector of the market where we see great potential. We’re delighted to join its modular home insurance panel.”  

 

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About Covéa Insurance

Covea Insurance plc is the UK underwriting business of leading French mutual insurance group Covéa, who are number 1 for property and liability insurance in France and served 11.5 million policyholders, generating over 16.4 billion Euros in premiums in 2016.  

Covéa Insurance handles the insurance needs of 1.5 million policyholders; delivering financial reassurance through its Standard & Poor’s A+ stable rating, as a guaranteed subsidiary of Covéa. 

The company offers motor, household, protection, mid and high net worth insurance and a range of commercial insurance products, designed to meet the needs of most individuals and businesses. Employing over 1500 people, Covéa Insurance has a strong people and service ethos, having Investors In People Gold accreditation and featuring in the 2015 and 2016 Sunday Times Top 100 Mid-sized Best Companies to Work For. It also has World Class service accreditation from the Institute of Customer Service for its Motor Claims, Home Claims and Underwriting Services teams as well as Chartered Insurer status for its Commercial and Mid/High Net Worth business.

In January 2016, Sterling Insurance Company Limited became a fully integrated part of Covea Insurance Plc, following a Part VII transfer under the Financial Services and Markets Act. 

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