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Our history
Group Risk experience that stretches back decades — and a business built to preserve specialist expertise as the market changed.
The company is incorporated
The company that would later become Risk Assurance Management Limited was incorporated in October 1977, beginning the corporate history that continues today.
Our Group Risk heritage begins
Members of the team who would later form RAM began working together in specialist Group Risk roles, building deep experience in underwriting, administration and broker relationships.
The portfolio moves to Cornhill
Following an acquisition arrangement, the Group Risk portfolio and the specialist team responsible for it moved into Cornhill Insurance.
Risk Assurance Management Limited is established
As Cornhill withdrew from life and pensions, senior members of the Group Risk team established RAM to preserve the specialist underwriting and administration capability they had built.
RAM initially continued providing outsourced services to Cornhill.
The next phase begins
From April 2002, schemes began transferring at renewal to Pinnacle Insurance, with RAM continuing to provide the specialist underwriting and administration services behind the portfolio.
The business later transferred to Sterling Life, continuing RAM’s established model of working with insurance partners.
RAM becomes FSA authorised
RAM became authorised and regulated by the Financial Services Authority, strengthening the regulatory foundations of the business as it continued to grow.
When the Financial Conduct Authority succeeded the FSA in 2013, RAM continued as an authorised and regulated firm.
RAM becomes an approved Lloyd’s Coverholder
In April 2007, RAM became an approved Lloyd’s Coverholder, enabling the business to underwrite and administer Group Life business on behalf of underwriters at Lloyd’s of London.
Over the following years, RAM worked with a number of Lloyd’s Syndicates, including Tokio Marine Kiln, AXA XL and Beazley.
The Shepherds Friendly partnership begins
RAM and Shepherds Friendly identified a strong alignment in approach, values and ambition, leading to the launch of the current Group Life partnership, with reinsurance provided by SiriusPoint.
This marked the beginning of the next stage of RAM’s development and growth.
The next chapter
More than four decades after our Group Risk story began, RAM remains focused on Group Life.
Today, our attention is on proposition development and sustainable growth while preserving the accessibility, underwriting judgement and service culture that have defined the business throughout its history.