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The Financial Conduct Authority (FCA) in the UK has released information relating to the business activities of Travel Insurance Facilities Group (TIF), placing restrictions on what services the business can offer ....
Britain s largest travel insurance provider has stopped offering new policies just as schools shut for the summer holidays. Travel Insurance Facilities, which operates dozens of firms including HolidaySafe and Flexicover, blamed its German insurer for placing a temporary pause on new sales to customers in Britain. The umbrella company, known as TIFgroup, said existing policies would not be affected and holidaymakers would still be able to make claims. But those hoping to book insurance for summer getaways just as the international travel industry reopens will fall foul of the change. TIFgroup, which generated £30million in sales in the year to March 2020, will see sales plummet because of the ban. ....