Paymentshield, the largest provider of insurance services to the mortgage intermediary sector, has signed a contract with St Andrews Insurance, the underwriting arm of HBOS General Insurance, as revealed by Insurance Times last week.
The deal will see St Andrews take over the underwriting of Paymentshield's range of products including buildings, contents and mortgage payment protection insurance.
The move fits with the HBOS General Insurance strategy of gaining greater presence in the intermediary mortgage market, leading to a wider distribution for products underwritten by St Andrews.
