The proposed merger of medical insurer Exeter Friendly Society and income protection provider Pioneer Friendly Society has been granted FSA and member approval.
The move, which it says has created a “powerful new force in the healthcare sector”, will see both companies continue to trade under their existing names for the time being. Former Pioneer chief executive Andy Chapman will head the enlarged group, while Roger Cawse, formerly chief executive at Exeter, becomes managing director. Chapman says: “We are delighted that members have overwhelmingly embraced this change and recognised the huge potential of the new organisation. “We have exciting plans; a vision of unique ‘next generation’ healthcare products, backed by first class service lev...
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