Part of Ecclesiastical Life 's long term insurance business has been transferred to mutual friendly society, engage Mutual. The transfer adds over 15,000 new members and more than 25,000 new policies to the mutual, which has its headquarters in Yorkshire. The transferred business includes traditional life assurance.
Andrew Haigh of engage Mutual says, "This is an important strategic step for us, bringing additional financial strength and scale to our organisation which is in the interests of both members and future customers. As a customer owned organisation, we continue to offer a real alternative for families seeking good value financial products."
Life insurance news: 9 December 2010