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By Fiona Moore, for ExpatBriefing.com
10 December, 2014
Moneycorp, a UK-based international payments specialist, and Hiscox, a global insurance provider, have signed a deal which they say will provide exclusive benefits to customers wanting to buy, manage and safeguard properties abroad.
The two firms have entered a three-year strategic partnership. The move means that Hiscox customers who open an account before March 30, 2015 will be able to make their first international payment without incurring a transaction fee. In return, Moneycorp customers will be eligible for an exclusive Hiscox overseas home insurance policy, as well as discounted UK home insurance cover.
Robert Moore, who is Head of Direct and Intermediated Partnerships at Hiscox UK, said that partnerships are an important part of the company's business, and that working with Moneycorp to support overseas homeowners was just one example of this.
Matt Leonard, who is managing director of Private International Payments at Moneycorp, added that as well as offering its own services, Moneycorp "can now point them in the direction of a reputable insurance provider."
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