Managing general agent Alps has added Financial & Legal to its panel for Guaranteed Asset Protection insurance.
The MGA, a specialist in add-on insurance products, legal expenses, and claims solutions for intermediaries, also teamed up with Fortegra Europe Insurance on GAP sales last September.
Alps noted that Financial & Legal is one of a select group of insurers authorised by the Financial Conduct Authority to underwrite GAP insurance.
The watchdog took action in February 2024, and the following month, to halt sales across the market amid concerns the product was failing to provide fair value to some
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