Standard Life Healthcare buys FirstAssist

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...