Aegon quits UK's Group Risk market
In an economic downturn, there is an inevitable tendency for corporate moves to be perceived as a potential sign of a broader market shift. So it is perhaps not surprising that the recent announcement from Aegon Scottish Equitable of its intention to stop writing group risk business has turned the spotlight on the health of the wider UK group risk market. But we should guard against reading anything into a strategic decision by a specific provider. Group Risk Development (GRiD) has represented the needs of the industry for more than 10 years and, in that time, has witnessed many periods ...
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