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WINTERTHUR LIFE INSURANCE
Based in Basingstoke, Winterthur Life UK Ltd is part of the Credit Suisse Group, a leading worldwide financial service provider.
Once WinterthurLife was a major force in the mortgage protection market place with brokers but then slowly disappeared from selling protection as they withdrew endowments in 2000 as the mortgage market slowly moved from endowments to repayment mortgages. Winterthur purchased since then the Colonial Mutual Insurance Co closed Uk life business book.
The Financial Services Authority reportedly fined Winterthur Life £500,000 in 2001 for mortgage endowment mis-selling. Winterthur Life Insurance, which as Provident Life effectively invented the product more than 50 years ago, was historically one of the biggest providers of endowments along with rivals such as Standard Life and Scottish Amicable.
In 2006, Axa bought the UK life operations of Winterthur which continues to now provide individual pensions, group pensions and investment bonds to the UK market.
The old Winterthur Life UK products included personal & business protection cover, mortgage protection & term assurance. Looking to compare Winterthur Life Insurance products in 2008 against other Uk Insurers
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