Wesleyan Assurance fought off competition from Legal & General and Scottish Widows to win the Life Insurer of the Year award at the British Insurance Awards last night.
Firm chief executive Craig Errington said the award was justification for its decision in 2005 to offer financial services to professional groups only, including doctors and dentists.
Royal Liver bagged the Corporate and Social Responsibility award, while the General Insurer of the Year was NFU Mutual. Other winners on the night included Ecclesiastical, awarded for its risk management progress.
Errington said: “This is a real achievement for Wesleyan and an honour. In recent years we’ve had a vision of where we want to be and that vision has now become a reality.
“We remain one of the UK’s financially strongest life assurance companies. This financial strength is of great importance as it provides the capital we need to invest in strategic change for the benefit of our policyholders."
Wesleyan offers specialist financial advice to hospital doctors, GPs, dentists, lawyers and teachers through its principal distribution brands Wesleyan Medical Sickness, Wesleyan for Lawyers and Wesleyan for Teachers.
Commenting on the awards, Shaun Tarbuck, chief executive of the Association of Mutual Insurers, said: “These awards are a showcase for the British insurance industry, the second largest in the world and it comes as little surprise to those involved in the mutual sector or to those who have been watching us, that this success has been achieved.
“Mutual insurers uniquely combine innovation, vision and growth with an efficient mutual model that puts service and value for customers at the centre of the business.”
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