Renew Life to enter into administration
PI insurance revoked amid market ‘nervousness’

Life insurance broker Renew Life Risk Management files for insolvency amid Covid woes
As COVER understands, one of Renew Life's main lead suppliers - a Welsh-based firm responsible for 35-40% of its sales - has ceased trading as a result of Covid business interruption. This combined with the prospect of revoked professional indemnity (PI) insurance early this year has forced the telephone-based life insurance brokerage to enter proposed administration. Renew Life owner Colin Potts told COVER that the trouble started in December when he was informed that his firm's PI insurance,...
More on Adviser / Broking
Partners& appoints head of business protection
To embed people risks into business insurance offering
Matthew Chapman: Seven things I want to see in 2021
‘Change can be extremely positive’
Stamp duty holiday opens door to protection conversations
However only 48% advisers saw protection sales grow
Value added services can be transformative, says adviser
Cost vs value
Neilson reports on signposting so far
First phase progress