Jubilee Europe partners Reliance Mutual to offer online long term life cover in Holland

THIS IS A JUBILEE PRESS RELEASE

Amsterdam, 9th September 2011 – Specialist Lloyd’s insurer Jubilee Europe aims to offer protection for Dutch mortgage holders, by entering into a partnership with Reliance Mutual Insurance Society Limited to launch a long term life cover product.

Underwritten by Reliance Mutual, an established UK life insurance company celebrating its centenary this year, the product can be either level or decreasing term and single or joint life. The maximum term is 30 years. Single, annual and monthly premium options are available and the policy will be administered by Jubilee Europe in Amsterdam. 

As with Jubilee Europe’s existing MPPI (Mortgage Payment Protection insurance) products, the long term life product can be accessed via Jubilee’s online platform Jubilee.net. This will enable brokers and IFAs to obtain quotes, confirm standard of the policy and print key documentation within minutes.

Today’s long term life product launch is part of Jubilee Europe’s long term strategy to create a suite of innovative house-buying covers, which includes plans to offer property and residual value insurance products in the near future.

Theo Van Der Mark, Executive Chairman of Jubilee Europe said: “By joining forces with Reliance Mutual and delivering products via our web based quote engine we intend to widen the choice available to brokers, IFAs and their clients. With our combined expertise we can genuinely bring added value to the market by delivering a comprehensive product whilst reducing the time it takes to sell and administer the policy.”

Mark Goodale, Chief Executive of Reliance Mutual said: “We are delighted to be joining forces with Jubilee Europe to launch this exciting product into the vibrant Dutch market and hope this marks the start of a very successful collaboration. Reliance Mutual prides itself on its ability to work with partner organisations to help bring a range of exciting and innovative products to the market both in the UK and Europe.”

ENDS

For further information contact:

Alex Wise, Concise Public Relations: Tel +44 (0)20 7100 3960 or +44 (0)7710 665615

Notes to editors

The Group employs 200 staff based in five locations – London, Haywards Heath, Sidcup, Birmingham and Amsterdam.

Jubilee Europe B.V. was established in Amsterdam in 1990 to support European brokers. The business works in partnership with brokers to develop niche products.

Jubilee Managing Agency Limited has been an active participant in the Lloyd’s insurance market for many years. Underwriting through our Syndicates 5820 and 779, we are recognised and respected as innovators and authorities in our chosen classes of business.

Jubilee Global Property is an acknowledged market leader with an established track record in providing direct, facultative and binding authority solutions for clients, ranging from Fortune 500 companies to smaller commercial businesses. We write business, on a primary, excess of loss or full value basis.

Jubilee Personal Lines is a leading player in many specialist areas of the personal lines market. We are particularly well known as payment protection, accident & health and product breakdown insurance providers. We are also recognised as authorities in GAP, mortgage related and affinity schemes business.

Jubilee Life Insurance offers a comprehensive range of term assurance products both within the UK and globally underwritten through Syndicate 779. We provide solutions for private individuals, for businesses seeking cover for employees and for companies looking to develop products for their customers.

Lutine Assurance Services is the retail underwriting and distribution arm of the Jubilee Group providing specialist life assurance solutions in the life and health market. Core products include group life benefits and individual keyman assurance.

Jubilee Service Solutions is one of the UK’s leading administration companies delivering outstanding customer care and service. We offer flexible own-branded service solutions covering premium collection, policy issue and claims management facilities. We have a 5-star BACS accreditation backed up by sophisticated technology and highly skilled staff.

More information can be found atwww.jubilee-insurance.com

Reliance Mutual Insurance Society Ltd is celebrating its centenary this year and specialises in:

• Providing tailored white label products aimed particularly at advisers and organisations looking to ‘brand’ and market their own protection products such as term assurance, whole life and critical illness without having to carry all the necessary regulatory and administrative back office burdens.

• Business transfer and acquisitions market for life assurance and pensions. Having made 7 successful acquisitions since 2003 with each one being a seamless transition for policyholders, Reliance Mutual has tremendous strength in depth in its acquisitions team who have all been with the company for a number of years.

• Enhanced pension annuities for smokers sold largely through the IFA market. These annuities have a good consistent market track record of competitive rates.

More information can be found at www.reliancemutual.co.uk

Last Edited: September 09, 2011