Ecclesiastical confirms care market "repositioning"
Insurer's decision branded a "body blow" to the care industry.
Ecclesiastical has signalled its intention to "reposition" its care account in a bid to "realign" it with a more clearly-defined customer base.
The provider confirmed that from 1 March 2014 it will only write new business and invite renewals where the risk is a UK-based registered or exempt charity for care risks where it insures the liability elements of cover.
In a statement the insurer - whose care market share is some 15% - said: "We are sharing our plans with our brokers over the coming
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