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Arlington-based Leader Bank has launched an insurance subsidiary, a move the bank said would streamline the homebuying process for its clients.
The new subsidiary, Leader Insurance, is a digital insurance agency that will offer property, auto and umbrella insurance policies for additional coverage, Leader Bank said in a statement. The company has partnered with insurance carriers in the region to offer clients who receive a loan through Leader Bank “great rates and service for their home, car, or investment property policies all with an easy-to-use digital experience,” the statement said.
“We are constantly striving to expand our products and services to offer our clients a holistic banking and lending experience,” Jay Tuli, president of Leader Bank, said in the statement. “Introducing Leader Insurance allows us to expand our client-centric culture to an adjacent business in property and auto insurance.”
Leader Bank said it offers insurance to clients in Massachusetts and New Hampshire, adding that it plans to expand operations throughout most of New England in 2023.
“We are excited to offer our clients a streamlined, digital process for obtaining an insurance quote when they receive a loan through Leader Bank,” Sean Valiton, Leader Bank’s senior vice president of sales and new business, said in the statement. “This offering helps simplify the often-complicated loan application process.”
