Sainsbury’s moves home insurance

SAINSBURY’S financial services arm has dropped Halifax as its home insurance underwriter and moved to Royal Bank of Scotland following a competitive tender process.

A spokesman for Sainsbury’s said the deal followed on from a similar contract win for RBS Insurance last year, when the bank took on the supermarket chain’s car insurance work.

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The grocer claimed its car insurance sales rose by 60 per cent after being re-launched, but refused to release any figures.

News of the switch comes as it launches two revamped home insurance policies.