1. Home
  2. Media Centre
  3. Press releases
  4. Press releases 2024
  5. Royal London confirms sale of Police Mutual Healthcare and Police Mutual General Insurance businesses to Bspoke Group
Lora Coventry
Senior PR Strategy Manager

Share

Royal London confirms sale of Police Mutual Healthcare and Police Mutual General Insurance businesses to Bspoke Group

Published  01 March 2024
   1 min read

The Royal London Mutual Insurance Society Limited (Royal London) today announces that, following receipt of all required approvals, it has sold the general insurance and healthcare elements of the Police and Forces Mutual businesses, Police Mutual Healthcare (PMHC) and Police Mutual General Insurance (PMGI), to Bspoke Group. 

Notes to editor

Original announcement from 29 November 2023 - Royal London announces sale of Police Mutual Healthcare and General Insurance businesses to Bspoke Group 

For further information please contact:

Lora Coventry, Senior PR Strategy Manager

About Royal London

Royal London is the largest mutual life, pensions and investment company in the UK, and in the top 30 mutuals globally*, with assets under management of £169 billion, 8.5 million policies in force and over 4,400 employees. Figures quoted are as at 30 June 2024. Learn more at royallondon.com.

*Based on total 2022 premium income. ICMIF Global 500, 2024

About the Bspoke Group

The Bspoke Group brings together a collection of multi-class niche and specialist MGA insurance businesses, each clearly focussed on individual product specialisms and run by highly experienced and technically skilled underwriting teams. Their product range includes property, leisure, lifestyle, commercial and trades, haulage and transportation and they are able to offer distribution options for brokers, affinities and schemes. 
  
Their structure and focus on IT and data enables the Group to operate as a ‘virtual Insurer’, with full sales, underwriting, pricing, business intelligence and reserving capability, and is uniquely positioned to understand, manage and deliver superior performance outcomes for their business partners. By being focussed on long term and profitable underwriting, they are proud to have built strong relationships with their ‘A’ rated capacity providers. These partnerships provide support and flexibility for innovation, the appetite to drive new trading opportunities and delivers the financial strength and consumer protection you would expect from market leading insurers. 
  
The Bspoke Group head office is based in Leeds, West Yorkshire with subsidiary offices in Shropshire, Gloucestershire, Essex and London. 
 
Bespoke website: bspokegroup.co.uk 

More press releases you might like

Royal London strengthens protection team with two new hires

Fiona Wynn has joined as head of protection proposition and Mark Preston as service delivery manager with responsibility for large cases.
Read more about Royal London strengthens protection team with two new hires

Royal London confirms acquisition of Responsible Life and Responsible Lending

The Royal London Mutual Insurance Society Limited today announces it has completed the acquisition of the later life lending and product specialists Responsible Life and Responsible Lending.
Read more about Royal London confirms acquisition of Responsible Life and Responsible Lending

UK homeowners walking financial high wire without a safety net

According to findings from Royal London’s latest report, many people in the UK are underprepared to pay their monthly housing costs if they’re unable to work due to illness or disability.
Read more about UK homeowners walking financial high wire without a safety net

Nearly two million face debt over self assessment tax bills this month

Around 1.8 million taxpayers will turn to overdrafts this month to pay unexpected self-assessment tax bill amounts.
Read more about Nearly two million face debt over self assessment tax bills this month