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BGL targets million policy mark for renewed Lloyds motor insurance deal

Piggy bank car

Compare the Market owner BGL Group is aiming to grow its partnership with Lloyds Banking Group to one million policies as the pair signed a five year extension on their exclusive motor and commercial vehicle insurance deal, Post can reveal.

The partners first teamed up in 2010 with BGL currently managing £300m of gross written premium under the deal.

The service for LBG customers is arranged and administered by BGL with policies

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