Important Information about Lifestyle Cover
We’ve recently undertaken a full-scale review of our ASU products (Lifestyle Cover and MPPI). As a result of this review we’ve made the difficult decision to exit the ASU marketplace for new business and renewals of existing business.
Whilst ASU represents a small part of our GI portfolio, it’s important for us to ensure ongoing protection for our customers against the backdrop of sizable challenges, such as the current pandemic and economic uncertainty.
We’ve selected AmTrust Europe Limited, as the new insurer. AmTrust Europe Limited will be providing replacement insurance policies through the Wessex Group (WIMS Limited) to our existing customers from 1st August 2021 onwards, as we exit the ASU market.
In addition, from 5th July 2021 onwards, we'll be outsourcing our existing in house claims service for the policies we insure to the Wessex Group, to help provide improved servicing in this extremely challenging time.
Key points to note:
All Lifestyle Cover quotes in respect of new business to be underwritten by us will only be valid until 31st July 2021 and no new quotes may be provided after 17th July 2021.