Standard Life Healthcare is acquiring private medical insurance business FirstAssist Insurance Services Limited and has plans to move its head office to Bournemouth over the next two years.
Although the deal is still subject to regulatory approval and unlikely to be completed until first quarter of 2006, the intention is to run both product lines at the same time and consult intermediaries about future product delivery, says Paul Lynes, head of PR and public services at Standard Life Healthcare. Once the deal is completed, SLH will also close down FirstAssist’s individual PMI business and concentrate on its core corporate business distributed through intermediaries, as little individual business is actually written, says Lynes. “In the interim, we will consult with inter...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes