Expansion of Group Product Development team at the BGL Group

Immediate release: 06 August 2009

To support continued growth nine new jobs have been created in the Group Product Development department at the BGL Group, the UK's largest privately-owned insurance intermediary.

The Product Development team headed up by Will Price, develops and manages an expansive range of complex insurer panels for all the different propositions handled by the BGL Group – this includes BGL's own brands BUDGET Insurance, Dial Direct, Quote Mart, eco car insurance ibuyeco, Bennetts the number one motorcycle insurer and price comparison website comparethemarket.com. They also work with the panels for the corporate partners handled by Junction, the affinity insurance specialist which administers and provides insurance through its partnerships with big names such as the Post Office®, M&S, HSBC, Auto Trader and RAC.

Commenting on their expansion plans, Will Price, Director of Group Product Development, said: "It's a nice challenge to have; that we are now dealing with more panel members and we are also pioneering increasingly sophisticated panel management, underwriting and pricing models."

This activity follows the recent recruitment of Product Manager Simon Rhoades and Product Analyst Chris Chapman to the the 37-strong team.

Simon (35) has been in the insurance industry for 15 years working for various insurers including global reinsurer Swiss Re. He has extensive experience of liability underwriting and underwriting management and is now developing several BGL propositions to further product performance.

Chris (27) graduated with a Maths Degree at Loughborough University and has worked for Norwich Union in Cambridge and NIG before joining the BGL Group. His role involves analysis of management information and general panel management.

Mr Price added: "Insurance continues to be a fast-paced industry with increasing demands in an evolving marketplace. Group Product Development plays a vital role as we look to expand our insurer panels and widen our Group's offerings through innovative commercial models.

"We are delighted to welcome Simon and Chris to the team and are continuing our recruitment drive to meet the ongoing and successful growth of the entrepreneurial BGL Group. We aspire to recruit high quality individuals into our underwriting, pricing development and relationship management teams."

To find out more about the current management opportunities available within Group Product Development or BGL Group in general, check out the website: www.bglgroup.co.uk

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