Scottish Mutual's Pegasus has record year

Professional Adviser
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Pegasus, the healthcare arm of Scottish Mutual, issued more than 25,000 policies and had a record yea...

Pegasus, the healthcare arm of Scottish Mutual, issued more than 25,000 policies and had a record year in 2000 worth more than £4bn, according to their latest business figures. Total number of policies for the year rose by 51% to 25,302, and annualised premiums climbed 83% to £13.7m, against £75m in 1999. Almost 27% of new policyholders opted to buy Pegasus' critical illness buyback option, which allows people who have previously made claims to take out new cover against cancer, heart attacks and strokes. Nick Kirwan, product development manager at Pegasus said: "2000 has been ou...

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