Elite Insurance announces resignation from the ABI

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Elite Insurance has confirmed that it will be resigning from the Association of British Insurers (ABI) with immediate effect.

The company said it believes that the ABI has not stepped up to the mark in their response to the proposed Jackson reforms and their resultant impact on the ATE insurance industry.

Elite is not the first legal expenses insurer to leave the ABI in protest over Jackson. DAS announced its resignation from the organisation in October 2010 and market speculation is that others might soon follow.

 Jason Smart, CEO of Elite, said: “The ABI has made it clear that their core members’ interests are paramount but, as legal expenses insurers, we do not matter, hence our withdrawal.”

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