Sovereign Bank, a subsidiary of Banco Santander, and Liberty Mutual Insurance have entered into an alliance to offer Sovereign Bank customers with Liberty Mutual's personal insurance products.
According to the Sovereign Bank, Liberty Mutual will appoint up to 200 Sovereign mortgage development officers to exclusively sell its auto, home, renters and personal liability policies in 721 Sovereign branches across eight states that include Connecticut, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania and Rhode Island.
Nuno Matos, head of retail business at Sovereign Bank, said: Home insurance, automobile insurance and personal liability insurance are vital for the protection of our customers’ assets. Sovereign’s alliance with Liberty Mutual strengthens our commitment to all of our customers, by increasing the convenience of giving them quality insurance products from their bank.
Robert Maloney, senior vice president of affinity marketing at Liberty Mutual, said: Our customers enjoy doing business with us the way they choose – whether in person, by phone or online, and this is yet another innovative way to bring insurance products to consumers in a convenient fashion.