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Universal Provident buys Medicus Family Care

Health care insurance provider Universal Provident, part of the Berkeley Morgan Group, has bought UK and international medical insurance provider Medicus Family Care.

Medicus which has been established in the UK since 1993 and had premium income of around £220,000 last year markets all its products though intermediaries and its website at

This move by Berkeley Morgan follows recent acquisitions of IFAs Moneyhill Partnership and RE Gee and & Co.


Markets rocked by US blasts

A barrage of terrorist attacks in the US sent the world&#39s stockmarkets into freefall on Tuesday and raised fears of a global recession. The New York Stock Exchange was suspended after two passenger jets crashed into the World Trade Center shortly before9am East Coast time. European markets continued to trade, with the FTSE 100 plummeting […]

Henderson tunes in to commercial radio

Henderson Private Capital, the private equity arm of Henderson Global Investors, has invested £12m in Mega Radio Holdings of Germany. The investment is the fourth made by Henderson&#39s European fund, Henderson European Partners 1, and the first made by the fund in Germany. Mega Radio will operate the first national commercial radio network in Germany. […]

Fund firms want more supermarket start-ups

Fund managers are calling for more IFA fund supermarkets, claiming that providers and intermediaries would benefit from more competition. Fidelity&#39s FundsNetwork and Cofunds have dominated the IFA fund supermarket race, with only Skandia providing serious competition. While the direct market has been saturated with new entrants, Legal & General and Norwich Union are the only […]

SG Life & Pensions kicks off with bond

SG Life & Pensions, the new retail brand of Societe Generale, has started life by bringing in the SG Life international bond.The bond is a single-premium traditional offshore bond that has been underwritten by SG Life (Guernsey). It is aimed at the high-net-worth investor with at least £50,000 to invest and who is looking for […]


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