OneFamily becomes insurer for all new Beagle Street, Budget and Virgin Money term life insurance and critical illness policies

OneFamily has today announced that it will become the insurer for all new Beagle Street, Budget and Virgin Money term life insurance and critical illness policies from the 19th September this year.

Related topics:  OneFamily,  business
Tabitha Lambie | Editor, Protection Reporter
19th September 2023
Business Meeting
"This change, along with the ongoing modernisation of our technology, will see Beagle Street significantly growing its footprint and market share, and providing more customers access to life insurance."
- Alistair Rose, managing director of Beagle Street

This move is the next step in the integration of the two businesses, following Beagle Street’s acquisition by the financial mutual at the end of the last financial year. Previously, Beagle Street acted as a distributor of another insurer’s products so this change is a big shift.

Bringing the distribution and insurance elements under the OneFamily umbrella will see both businesses coming together to form a direct insurer. This will improve agility and cost-efficient business, offering innovative, competitive products that align closely with OneFamily’s socially inclusive ethos.

Commenting on the announcement, Alistair Rose, managing director of Beagle Street, has said:

“This is the first step in an exciting growth strategy for both Beagle Street and OneFamily’s life and critical illness businesses that will focus on product development and the expansion of our distribution channels.

“This change, along with the ongoing modernisation of our technology, will see Beagle Street significantly growing its footprint and market share, and providing more customers access to life insurance.”

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