Menu
21/01/2003
Northern Bank parent awards £317m insurance contract
Northern Bank customers, along with those of National Australia Bank Group (NABG) other UK-based banks, Clydesdale Bank and Yorkshire Bank, will benefit from more flexible and customer-focused administration of home and motor insurance products.
The announcement follows on from the awarding of a UK insurance administration contract set to generate more than £317m awarded by the parent company of Northern Bank, NABG, to Junction.
The deal will mean that from January 27, the affinity business of the Budget Group of companies, Junction will service the home and motor insurance customer-base of Northern Bank providing them with access to what the Northern describe as competitive and comprehensive products backed by first-class service standards.
The Northern expect that sales of both products will grow substantially in the coming years and Junction will be recruiting additional staff to deal with the added volume of calls that will result.
Also provided will be a new range of add on policies that provide customers with new options when it comes to protecting themselves, their families and their property.
The new products will be available to the 450,000 customers of Northern Bank, and also to a further 2,300,000 customers of Clydesdale and Yorkshire Banks, as branded products which reflect the needs of National Australia Bank Group customers in the UK. They will be provided by a competitive panel of insurers, who will work with the Budget Group and NABG, on a day-to-day basis.
Customers will be able obtain a quote for their premium and will be offered a choice of payment methods, including annual direct debit and monthly instalments.
All the policies, pledge the Northern, will be simple to understand and jargon-free.
(SP)
The announcement follows on from the awarding of a UK insurance administration contract set to generate more than £317m awarded by the parent company of Northern Bank, NABG, to Junction.
The deal will mean that from January 27, the affinity business of the Budget Group of companies, Junction will service the home and motor insurance customer-base of Northern Bank providing them with access to what the Northern describe as competitive and comprehensive products backed by first-class service standards.
The Northern expect that sales of both products will grow substantially in the coming years and Junction will be recruiting additional staff to deal with the added volume of calls that will result.
Also provided will be a new range of add on policies that provide customers with new options when it comes to protecting themselves, their families and their property.
The new products will be available to the 450,000 customers of Northern Bank, and also to a further 2,300,000 customers of Clydesdale and Yorkshire Banks, as branded products which reflect the needs of National Australia Bank Group customers in the UK. They will be provided by a competitive panel of insurers, who will work with the Budget Group and NABG, on a day-to-day basis.
Customers will be able obtain a quote for their premium and will be offered a choice of payment methods, including annual direct debit and monthly instalments.
All the policies, pledge the Northern, will be simple to understand and jargon-free.
(SP)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
08 November 2002
Northern Bank posts record annual results
The annual results from the Northern Bank have revealed pre-tax profits of £111m up 13% on the previous corresponding year-end figures. The results include a £19.9m profit in relation to the disposal of subsidiary company Northern Bank Insurance Services to Wealth Management Europe Holdings another subsidiary of National Australia Bank.
Northern Bank posts record annual results
The annual results from the Northern Bank have revealed pre-tax profits of £111m up 13% on the previous corresponding year-end figures. The results include a £19.9m profit in relation to the disposal of subsidiary company Northern Bank Insurance Services to Wealth Management Europe Holdings another subsidiary of National Australia Bank.
20 December 2010
Northern Bank 'Sets Scene' For Lyric
The Lyric Theatre has announced a major funding boost as details of a five-year partnership with Northern Bank were revealed at an exclusive behind-the-scenes visit to the new theatre. Building work is nearing completion and the Lyric will reopen its doors on Sunday 1 May 2011 with a gala performance on the newly named Northern Bank Stage.
Northern Bank 'Sets Scene' For Lyric
The Lyric Theatre has announced a major funding boost as details of a five-year partnership with Northern Bank were revealed at an exclusive behind-the-scenes visit to the new theatre. Building work is nearing completion and the Lyric will reopen its doors on Sunday 1 May 2011 with a gala performance on the newly named Northern Bank Stage.
27 August 2010
'Economy Improving' Says Bank, Despite Downgrade
Ulster Bank has announced that improving exports and more consumer spending has led to an improving economy, despite yesterday's downgrading of Ireland's credit rating. Ulster Bank said today it was revising its forecasts for Irish economic growth in 2010 upwards, predicts average annual GDP growth of 1%, up from -0.5% previously.
'Economy Improving' Says Bank, Despite Downgrade
Ulster Bank has announced that improving exports and more consumer spending has led to an improving economy, despite yesterday's downgrading of Ireland's credit rating. Ulster Bank said today it was revising its forecasts for Irish economic growth in 2010 upwards, predicts average annual GDP growth of 1%, up from -0.5% previously.
29 May 2018
Ulster Bank Announce New Vertical Bank Notes
Ulster Bank has announced the introduction of two new vertical polymer banknotes, which will enter circulation in 2019. The new £5 and £10 notes are based on the theme 'living in nature' and will feature Strangford Lough, Brent geese, Lough Erne, the Irish hare and Guelder-rose shrubs.
Ulster Bank Announce New Vertical Bank Notes
Ulster Bank has announced the introduction of two new vertical polymer banknotes, which will enter circulation in 2019. The new £5 and £10 notes are based on the theme 'living in nature' and will feature Strangford Lough, Brent geese, Lough Erne, the Irish hare and Guelder-rose shrubs.
19 February 2018
Limited Time Remaining For Leaders To Enter IoD Director Of The Year Awards
Business leaders have until 28th February to enter this year's Institute of Directors (IoD) First Trust Bank Director of the Year Awards. The annual awards honour the achievements and leadership of directors from sectors across Northern Ireland, with category winners then considered for the UK-wide Director of the Year Finals in London.
Limited Time Remaining For Leaders To Enter IoD Director Of The Year Awards
Business leaders have until 28th February to enter this year's Institute of Directors (IoD) First Trust Bank Director of the Year Awards. The annual awards honour the achievements and leadership of directors from sectors across Northern Ireland, with category winners then considered for the UK-wide Director of the Year Finals in London.
-
Northern Ireland WeatherThis Evening and Tonight:It will be cloudy with a spell of heavy rain pushing south through late evening and the early hours, soon followed by some clear spells. Minimum temperature 6 °C.
