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Some members of RAM have worked together underwriting group risk benefits on behalf of several leading insurers since 1980.
Portfolios have been successfully developed and managed for:
Cornhill Insurance Plc entered the group risk market in 1996 following an agreement with Terra Nova when it acquired their portfolio and staff who were required to manage and administer the account.
A few years later, Cornhill Insurance Plc decided to cease transacting life and pensions business and in anticipation, senior members of the Group Risk department formed Risk Assurance Management Limited (RAM) in November 2001. With the agreement of Cornhill Insurance Plc, all personnel were transferred to RAM which provided outsourced services to Cornhill until April 2002.
As each scheme reached its renewal date, it was seamlessly transferred to Pinnacle Insurance Plc. Over time, Cornhill’s share of the portfolio reduced until it no longer held liability for any schemes. RAM continued to grow the group life portfolio on behalf of Pinnacle Insurance Plc and the account later transferred to Sterling Life Limited.
In April 2007, RAM became an approved Lloyd's Coverholder and successfully managed a portfolio of UK Group Life Assurance business until March 2024 when, whilst exploring further development opportunities, RAM met Shepherds Friendly who were also researching avenues of development. Following a meeting, it was apparent that there existed a strong synergy between the two Companies with an alignment of ethics, business ideas and desire for progression - and so began our exciting collaboration.
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