Having recently exited the private medical insurance market, National Friendly is not currently accepting new health cash or life business.
After the departure of the chief executive, the acting CEO Jonathan Long says, “The FSA rules require that we constantly review our capital requirements. Due to the performance of our healthcare policy book our capital requirements have changed. We are carrying out a review of our requirements and whilst we do so, we will be unable on a temporary basis to issue any new policies but all existing policies will be fully serviced. We have made this decision to ensure the capital integrity of the business is robust and delivers a sustainable future. As a mutual our main focus is to protect the best interests of our policyholders.”
Life insurance news: 8 August 2011