HSBC Bank and Norwich Union have entered into a five-year agreement, to provide home protection and travel insurance products to HSBC's 10.2 million UK customers.
The new agreement between HSBC and Norwich Union will replace plans to create a joint venture. HFC Bank has also signed a five year agreement with Norwich Union Insurance (NUI), the UK general insurance arm of Aviva, for NUI to underwrite creditor business for HFC Bank and some of its subsidiaries.