Specialist Lloyds insurer plans growth into term assurance market

clock

Specialist Lloyd's insurer Jubilee has announced a strategic move to grow its specialty term life business across both underwriting and distribution.

Jubilee, which underwrites term assurance products both within the UK and globally for private individuals, employees, corporate and affinity business, also announced it was hiring Swiss Re's head of global life & health underwriting, David O'Sullivan.

The appointment follows a six month strategic review of the business and represents a long-term development of Jubilee's life proposition, across individual, group and affinity markets.

Johnny Rowell, Chief Executive of Jubilee said: "David's appointment represents an important strategic commitment for us as we look to build on our existing specialty expertise in both the underwriting and distribution of term life products.

"David brings considerable experience in the specialty life arena and will play a crucial role in enabling us to achieve our future aspirations."

O'Sullivan said:" This class has experienced a resurgence in recent years with Jubilee remaining at the forefront of underwriting and servicing in what continues to be a key growth area for Lloyd's.

More on Term Assurance

Scottish Friendly launches full cash benefits life plan for Over 50s

Scottish Friendly launches full cash benefits life plan for Over 50s

My Mutual Guaranteed Over 50s Plan

Hemma Visavadia
clock 15 February 2022 • 1 min read

Term life cover for armed forces deployed

Up to £150,000 available

Adam Saville
clock 08 December 2020 • 2 min read

Miles Bingham: Making a difference

Elder client customer care

Miles Bingham
clock 26 February 2020 • 5 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