Royal & SunAlliance is to take over new group life business for Zurich Life as Zurich pulls out of t...
Royal & SunAlliance is to take over new group life business for Zurich Life as Zurich pulls out of the market. Existing business will continue to be administered by Zurich Life but clients will be able to switch to Royal & SunAlliance once the contract comes up for renewal. Zurich Life offers group life and income protection contracts, while Royal & SunAlliance offers these as well as a group critical illness product. Royal & SunAlliance has a 15.9% share of the UK group life and income protection market covering around 8,500 employers and around 1.25m employees. Zurich Life has a 3.7%...
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