SAINSBURY'S BANK ANNOUNCES ALLIANZ AS NEW PET INSURANCE PARTNER

Sainsbury’s Bank announces today that it will partner with Allianz Insurance, to provide Sainsbury's Bank Pet Insurance.  The new partnership, which will launch in autumn, will continue Sainsbury's Bank's approach of tailoring pet insurance for Sainsbury's customers, firmly focused on good value and quality cover. Allianz, one of the largest and most experienced general insurers in the UK, will supply sales and service as well as underwriting services.

Peter Griffiths, Chief Executive, Sainsbury’s Bank said:

“This new partnership marks a very exciting time for the Bank as we write the next chapter in our history and align more closely with Sainsbury's.

"We are committed to providing Sainsbury's customers with great value, quality pet insurance and Allianz, a company with an excellent understanding of our customers’ needs and business, are perfect for this."

Jon Dye, Chief Executive, Allianz said: “We are delighted to be working with such a well-known, customer-focused brand and look forward to meeting the needs of Sainsbury's pet insurance customers. This is a fantastic result for our business and a great endorsement of the quality of our corporate partner proposition."

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For further information, please contact:

Phil Anderson, Citigate Dewe Rogerson, 020 7282 1031

Natasha Virtue, Sainsbury's Bank, 0131 338 2974

Sian Glennane, Allianz Insurance, 01483 465227

Sainsbury's Bank:

To view our latest press releases and product information, please visit the Sainsbury's Bank online media centre at www.sainsburysbank.co.uk/media

Sainsbury’s was the first major British supermarket to open a bank, commencing trading in February 1997. Benefiting from a fantastic, trusted brand that enables us to combine the shopping experience with personal finance, Sainsbury's Bank provides a range of quality products including insurances, credit cards, savings and loans. Our proposition is to make shopping more rewarding by offering customers great products at fair prices, while consistently rewarding shoppers for their loyalty and being easy to do business with at all times. Our products consistently top best buy tables and regularly win awards for quality, price and service.

So far in 2013, the Bank has been awarded 'Personal Loan Provider of the Year' – Consumer Moneyfacts, 'Best Loan Provider' – Money Supermarket Supers and 'Best Credit Card for Rewards' – Moneynet.

Sainsbury's Bank has its own banking licence, is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (register no. 184514), except for Credit Cards and Loans where it is licensed by the Office of Fair Trading (OFT) license no. 421897. The Bank has an independent membership to the Financial Services Compensation Scheme.

Allianz Insurance:

Allianz Insurance is one of the largest general insurers in the UK and part of the Allianz SE Group, one of the leading integrated financial services providers worldwide and the largest property and casualty insurer in the world.

With approximately 142,000 employees worldwide, the Allianz Group serves approximately 78 million customers in more than 70 countries. The mission of Allianz Insurance is to be the outstanding competitor in our chosen markets by delivering products and services that our clients recommend, being a great company to work for and achieving the best combination of profit and growth.