Tesco Underwriting (TU) was set up in 2010 to underwrite Tesco Bank branded car and home insurance policies. It is a partnership between Ageas (UK) and Tesco Bank, with Ageas (UK) owning 50.1% and Tesco Bank 49.9%. Tesco Underwriting operates independently from either company with its own board, governance processes and management.

Tesco Bank and Ageas chose to work together as they share similar values about placing the customer's needs at the heart of their businesses, and Tesco Underwriting has been built on this basis, treating the customer fairly and putting their needs at the centre of its service and operations.

Our purpose is:

"To create and maintain a market leading underwriting, technical pricing and claims handling organisation to support the Tesco Bank Growth Strategy."

- Geoff Carter, CEO, Tesco Underwriting Limited.

Tesco Underwriting Products Tesco Underwriting Product - Home Insurance Tesco Underwriting Product - Motor Insurance