I hope you are staying well and safe during this time.
We wanted to update you on some important business and product changes.
I’m sure you’ll be aware that Legal & General’s General Insurance Business (L&G GI) was acquired by Allianz at the start of the year and that the business is now part of the Liverpool Victoria General Insurance Group (LV=GI).
The Legal & General brand
The L&G GI brand will continue to exist in the UK market for up to three years as part of the agreement, as we fully integrate with LV= GI from this year onwards. However, our underwriting entity and registered office have now changed. Our underwriting entity is ‘Fairmead Insurance’ and you’ll begin to notice this where applicable across our marketing materials, software house documentation, websites and policy documentation.
Rainbow Home Insurance
We wanted to let you know that our updated Rainbow Home Insurance policy documentation referring to our new underwriting entity and registered address will be going live in your next software house release. We’ve also made some minor changes to the Rainbow policy wording including revising some definitions, conditions and exclusions. Please refer to our Summary of Changes document for details of these. We’d ask you to please ensure that your customers are given a copy of the new Policy Booklet (ref no. QGI6390 01/20) for new business and for renewals generated from the relevant dates below:
|SSP||On or around 15 April 2020|
|CDL||On or around 20 April 2020|
|Open GI||When you receive EDI release 5.00E which will be rolled out from 20 April 2020|
|Applied||1 May 2020|
Hard copies of these can be ordered using our Online literature ordering system on our Broker Centre. Please ensure you use the latest version of the policy booklet.
Getting in touch
If you have any queries, please don’t hesitate to get in touch with one of our Account Management Team. You can find their contact details here.
We’ll be in touch again throughout the year to ensure are kept updated with our latest news.
Thanks for your continued support.
Head of Broker Distribution