New player City Connexions is embarking on an aggressive product launch cycle through 2006, starting next month with term life for the sub-prime market, a three-year single premium MPPI product, and a buildings and contents offer.
The term life offer will be underwritten by Sterling, the MPPI underwritten by Genworth Financial, and buildings and contents by AXA, confirms Mike Westacott, chairman of City Connexions. “The second half of 2006 will see progress on legal expenses, pet insurance and income protection,” he adds. Since its official business launch in mid-October last year, City Connexions claims contracts with seven distribution partners, with interest confirmed from another two networks. The deals signed thus far expose the business to some 17,000 IFAs/mortgage brokers, Westacott says. Close to 1,50...
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