Manx Financial Group Plc (LON:MFX) has announced that CAM Wealth Group Limited, (CAM Wealth), a wholly owned subsidiary of the Group, has been granted regulatory permission by the UK Financial Conduct Authority (FCA) to sell and distribute general insurance products within the United Kingdom.
This authorisation marks a significant milestone in the Group’s strategic growth enabling the Group to expand its service offering. The new insurance arm, CAM Insurance Solutions, will operate as an integral part of the Group, delivering tailored insurance solutions that will be utilised initially to support its sister subsidiaries’ one million retail customers and fifteen thousand SMEs before being marketed externally.
Douglas Grant, the Group’s CEO stated: “The expansion of FCA permissions aligns with the broader vision of Manx Financial Group PLC to deliver a fully integrated suite of financial services across the Isle of Man and the UK.”
