Richard Branson launches Virgin Money Insurance
Sir Richard Branson announced the launch of Virgin Money Insurance in South Africa ; a web portal offering car, home, and funeral insurance underwritten by AIG. This isn’t the first time Branson ventures into insurance. The first time was back in 2010 in partnership with the Telesure Group; apparently not a win-win situation for at least one party. Bottom Line: best consumer brand meets best B2B insurer, according to Branson.
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