Holloway Friendly

Holloway Friendly is the original Holloway income protection company founded over 135 years ago in 1880 by the MP for Stroud, George Holloway, and was the first insurer in the UK to offer cover against loss of income through accident, or illness. Holloway Friendly is a mutual friendly society active in the UK advised income protection market. It currently offers products which protect members and their families against income lost through accident and sickness, via financial advisers from its HQ in Gloucester. Holloway Friendly is financially strong with assets of over £51m under management. It has a good claims record - 96% of all claims paid out in 2016 (individual protection). The mutual has recently recruited a new senior management team led by CEO Stuart Tragheim who is leading the delivery of their new growth strategy in the UK individual protection market. Optimal is Holloway's group risk brand. It was launched in March 2014 and has sold small group life schemes through financial advisers in the UK for over three years. The Optimal business is a wholly owned subsidiary of Holloway Friendly and is based in Birmingham. Optimal is supported by a small team whose employees have been formally consulted on this news.