Association of Financial Mutuals to go live on New Year's Day

clock

The Association of Financial Mutuals will be launched on 1 January 2010.

Support from the Association of Mutual Insurers (AMI) has confirmed its merger with the Association of Friendly Societies (AFS) that will create a new trade body representing the UK's mutual insurance sector.

The vote of approval at AMI's annual general meeting follows a similar thumbs-up to the merger from the AFS in October.

Mike Yardley, CEO of Royal London Group will be the organisation's first chairman, and it is consulting with both existing bodies about the recruitment of a chief executive and other roles.

Yardley said: "During the financial crisis the mutual insurance sector has proved that it is robust and capable of providing exceptional value to its customers.

"Maintaining a vibrant mutual sector helps keep up competitive pressure on shareholder-owned firms and means consumers continue to be offered real choice.

"We look forward to the Association of Financial Mutuals making an even stronger case for the relevance of the mutual insurance sector," he added.

 

More on Adviser / Broking

SBG acquires stake in New Homes Mortgage Services

SBG acquires stake in New Homes Mortgage Services

Undisclosed sum

Jaskeet Briah
clock 08 November 2024 • 1 min read
COVER Excellence Awards 2024: Winners announced

COVER Excellence Awards 2024: Winners announced

Leading lights in protection and health

COVER
clock 08 November 2024 • 2 min read
Best Insurance launches WhatsApp application service

Best Insurance launches WhatsApp application service

ASU insurance will be the first product available

Jaskeet Briah
clock 29 October 2024 • 2 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read