Tesco enters non-standard home with Prestige partnership

home-property-management

Tesco Bank has moved to offer non-standard home insurance to customers via a partnership with Prestige Underwriting.

The insurance, named Coverall, will be delivered by Prestige Group’s Open & Direct brand following its relaunch into the general insurance market.

Managing general agent Prestige Underwriting is a sister company of Northern Ireland broker AbbeyAutoline in a group that is backed by private equity firm Capital Z.

The broker, previously known as Abbey Insurance, bought Open & Direct from Swinton in 2016 phasing out the brand over time.

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