Legal & General pulls out of PMI market

By Johanna Gornitzki Legal & General Healthcare has withdrawn from the private medical insurance (PMI) sector. The provider closed for new business on 28 February and will exit the market on 2 July this year when it will stop issuing renewals. However, pipeline business entered before or on 28 February will continue to be processed until 30 March. Berni Ryan, spokesperson for Legal & General Healthcare, said the firm's decision followed a review of the provider's business, which showed that "the PMI sector had been doing well but had not kept pace with the rest of the business". How...