Ant Insurance

sth.coast

I noticed that the Ant Insurance website has been closed recently while new products are launched (although it has reopened but with Income Protection policies still offline).

Anyone know what is happening?

I have an ASU policy with Ant and I am slightly concerned about possible goings on. Is my policy fully guaranteed or can the underwriters pull the plug when they wish?

Thanks

Sterlingtimes

I had similar concerns which I discussed with Ant well prior to the apparent fall out between ANT and AssurANT.

Ant promised to discuss the matter of the security of the "back book" with Assurant and get back to me. Ant never came back to me as promised.

I pointed out that there was no termination clause in the contract that would permit Assurant to terminate the contract. Ant said, "there must be", but admitted upon checking that there wasn't. Ant suggested that Assurant would effect termination by contriving to get the insured to terminate by applying some hopelessly unacceptable premium.

Ant suggested that Assurant would stand by its back book but could not provide any comfort.

Assurant has issued some press releases recently in which it is talking up the market for employment protection insurance. This would indicate that they still have an appitite for providing cover.

Presumably, those of us who have been insured for some time are a fair risk at the price-hiked premiums that are being charged.

I imagine that policyholders now have to deal with Assurant directly now that Ant has washed its hands of us.

I have never been wholly clear where Ant stands in relation to Assurant albeit that they are clearly separate legal entities. Do they or did they share an address?

IrishDrifter

Assurant is an underwriter, the company that does the work for less of the profit.
The only time they would raise rates is becuase they have to becuase of the amount of claims being paid out