APRIL UK withdraws from UK PMI market

LONDON - July 31, 2018 - PRLog -- Protection and health insurance provider, APRIL UK, has announced that it is closing its private medical insurance plans to new business and will be withdrawing from the UK PMI market. The announcement has been made following the decision by its insurance partner to stop bearing risks of its private medical insurance portfolio.

APRIL UK has confirmed that only the private medical insurance activities of April UK are affected. Other UK focussed business lines including income protection, life insurance, personal accident and health cash plans are unaffected.

Existing UK private medical insurance policies are unaffected until renewal. APRIL UK will inform customers prior to renewal that they will not be able to issue renewal terms.

APRIL UK will provide support for both brokers and clients as they transition out of APRIL UK. Details of the support packages available will be confirmed directly to affected brokers and their clients.

The decision does not affect APRIL International UK, the Group's IPMI subsidiary or Medibroker, a direct broker in international health insurance. The three companies have always been separate entities within the April Group.

APRIL Group indicates that there shall be no impact on 2018 financial perspectives.

Issued by APRIL UK (Insurance Services) Ltd

APRIL UK is trading name of APRIL UK (Insurance Services) Ltd (registered in England No 3179382), who is authorised and regulated by the Financial Conduct Authority, registration number 308655. Registered office: April House, Almondsbury Business Centre, Bradley Stoke, Bristol, BS32 4QH.

ENDS

Issued by APRIL UK (Insurance Services) Ltd

Contacts:

Media enquiries

For further information on April International, please contact:

Guy Stephenson/Erica Evans

Nacelle Limited

Tel:  +44 (0)20 8333 9125

APRIL UK is trading name of APRIL UK (Insurance Services) Ltd (registered in England No 3179382), who is authorised and regulated by the Financial Conduct Authority, registration number 308655. Registered office: April House, Almondsbury Business Centre, Bradley Stoke, Bristol, BS32 4QH.

http://www.april-uk.com