Specialist global insurer Hiscox has selected leading legal expenses and assistance provider ARAG to supply home emergency cover to its direct home insurance customers.
The decision follows a market review conducted by Hiscox and will result in ARAG delivering a bespoke product to its mid-net worth policyholders.
“Clearly, we had to offer something pretty special for Hiscox.” comments ARAG Head of Sales, Andy Talbot. “The cover is much wider than a normal home emergency policy, with fewer exclusions and all supported by an outstanding level of claims service. I’m obviously delighted to extend the relationship that we have started to build with such an iconic insurance brand”
Phil Thorn, Head of Direct Home Insurance at Hiscox adds “We have been working with ARAG for two years on our high net worth business during which they have demonstrated the flexibility and innovation that we need to deliver the best possible product to our customers, as well as the very high levels of service that Hiscox policyholders rightly expect.
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ARAG plc is part of the global ARAG Group, the largest family-owned enterprise in the German insurance industry. Founded in 1935, on the principle that every citizen should be able to assert their legal rights, ARAG now employs 3,700 people around the world and generates premium income in excess of €1.65 billion.
Operating in the UK since 2006, ARAG plc provides a comprehensive suite of ‘before-the-event’ and ‘after-the-event’ legal insurance products and assistance solutions to protect both businesses and individuals. For further information, visit www.arag.co.uk
Hiscox, the international specialist insurer, is headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). There are three main underwriting divisions in the Group - Hiscox London Market, Hiscox Re and Hiscox Retail (which includes Hiscox UK and Europe, Hiscox Guernsey, Hiscox USA and subsidiary brand, DirectAsia).
Hiscox underwrites internationally traded, bigger ticket business and reinsurance through Hiscox Re and Hiscox London Market. Through its retail businesses in the UK, Europe and the US Hiscox offers a range of specialist insurance for professionals and business customers, as well as homeowners. For further information, visit www.hiscoxgroup.com
Rachael Wornes, Marketing Manager, ARAG UK, 0117 917 1578, firstname.lastname@example.org
Paul Jacobs, Director, Consultable, 079 0982 1731, email@example.com