Ulster Bank to move into motor insurance

ULSTER Bank is to diversify into the motor insurance market and plans to create one of the largest in-branch distribution networks in the Irish market.

The bank announced yesterday that its product will feature discounts of up to 10% on new policies for its existing banking customers.

The car insurance offering will be available throughout Ulster’s 135-strong branch network in the Republic and will be underwritten and administered by Aviva Ireland.