London (3rd December 2014) – Two major players operating in the overseas property market have joined forces to offer customers the best deals when buying, managing and safeguarding their properties abroad.
Foreign exchange and international payments specialist, Moneycorp, and specialist global insurance provider, Hiscox, have signed a three year exclusive deal which allows both companies’ customers to benefit from competitive offers.
The partnership will ensure that Hiscox customers will benefit from receiving no transaction fee on their first international payment if they open an account before March 30th 2015. In return, Hiscox will be offering an exclusive overseas home insurance policy to Moneycorp customers, as well as a discount on its UK home insurance.
Matt Leonard, managing director of Private International Payments at Moneycorp comments: “We are a delighted to launch this new partnership. Hiscox has an excellent reputation and shares our values of offering the best quality service and products – making the partnership a natural fit.
“In addition to providing a first-rate service to our own customers and offering attractive foreign exchange rates, we can now point them in the direction of a reputable insurance provider.”
Robert Moore, Head of Direct and Intermediated Partnerships at Hiscox UK says: “Forging meaningful partnerships is an important part of our business as well as our proposition to customers. Working with Moneycorp to support overseas homeowners is just one example of this.”
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Notes to editors
Moneycorp is the trading name of TTT Moneycorp Limited – the UK’s fastest growing established foreign exchange provider
A specialist in foreign exchange and international payments, Moneycorp traded over £10b in currencies on behalf of its clients 2013, making it one of the one of the biggest providers outside of the banks
Moneycorp provides a quick, secure and competitively priced international payments service to individuals and a wide range of businesses
Moneycorp offers an online travel money service, for home delivery or collection at any of its central London or airport branches – all at great rates. Moneycorp also offers a pre-paid ‘Explorer’ card that holds up to 14 currencies, offering customers a safe and secure method to carry their travel money.
Moneycorp began dealing in foreign exchange in 1979 from a branch on Oxford Street and has since grown its bureau de change network to 53 outlets. The business is owned by Bridgepoint.
TTT Moneycorp Limited is authorised and regulated by the Financial Conduct Authority for the provision of payment services.
Hiscox, headquartered in Bermuda, is an international specialist insurance group listed on the London Stock Exchange (LSE:HSX). There are three main underwriting parts of the Group – Hiscox London Market, Hiscox UK and Europe and Hiscox International. Hiscox London Market underwrites mainly internationally traded business in the London Market – generally large or complex business which needs to be shared with other insurers or needs the international licences of Lloyd’s. Hiscox UK and Europe offers a range of specialist insurance for professionals and business customers, as well as high net worth individuals. Hiscox International includes operations in Bermuda, Guernsey and the USA. For further information, visit www.hiscoxgroup.com.