Income protection specialist Pioneer Friendly Society and private medical insurer Exeter Friendly Society are joining forces to form a mutual healthcare insurance firm.
Under the Exeter banner, the firms hope to provide “a comprehensive and unique range of ‘next generation’ healthcare products and services”. The deal is subject to membership and regulatory approval but is scheduled for completion in March next year. Pioneer chief executive, Andy Chapman, says: “The advantage of joining forces with Exeter is that both organisations know each other well. “In fact, the cultural similarities are quite extraordinary. The opportunity which this deal creates for us to develop exciting and innovative new products - not being offered by other insurers - should n...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes