Kingdom Bank has announced that it has taken over the insurance business of the financial support services charity Stewardship.
The growing Christian bank transferred all insurance business at the start of May after the Board of Stewardship decided they no longer wished to remain in the insurance market.
Kingdom Bank’s Board of Directors decided to take on the business because it complemented insurance services already offered by the bank.
Chief Executive Guy Priestley said the takeover would strengthen its business.
“The church and charity insurance service offered by Stewardship was the only area in which it was governed by Financial Services Authority. Due to the increase in regulation, Stewardship felt the time was right to transfer this business," he said.
“In looking for partners to take on the insurance services, we were delighted that Stewardship believed Kingdom Bank offered the best solution to its customers, and our Board decided that by taking on this arm of Stewardship it would strengthen our business.”
Stewardship’s former Insurance Manager Mike Clarkson has joined the Kingdom Bank team.
Mr Priestley added: “As a business, we are authorised and regulated by the Financial Services Authority and already provide general insurance services to church and charities.
"We feel confident that we can provide the standard of service Stewardship customers were used to and welcome them to the Kingdom Bank family.”
-
Evangelical vicar accused of abuse won't stand trial
-
Christians protest LGBT nativity play where Jesus is 'King of the Gays'
-
Sarah Mullally reiterates apology as safeguarding record comes under the spotlight
-
The mystery of the Wise Men
-
The origins of ‘traditional’ Christmas celebrations
-
Pro-life campaigner who silently prayed in abortion clinic buffer zone criminally charged
Most Popular
related articles
Ecclesiastical named one of the UK's top ten charity givers
Ecclesiastical named one of the UK's top ten charity givers
News
The first Christmas song to be sung in churches
Every Christmas, people sing the song “While Shepherds Watched Their Flocks by Night”. Unlike many other songs and carols that include elements of non-biblical tradition and myth, this song is pure Scripture. It was the first Christmas song authorised to be sung in the Church of England. This is the story …
The story of the Christmas Truce of 1914
On Christmas Eve in 1914, many men were in the trenches fighting the war, but the spirit of Christmas halted the conflict for a brief period. This is the story …
Report highlights injustices experienced by Christians in the Holy Land
Jerusalem Church leaders have released a report detailing the struggles and challenges currently faced be Christians living in the Holy Land.
Have you lost the wonder of Christmas?
For you who have been followers of Jesus Christ for a long time, maybe the pain and suffering of this world and the darkness you have had to live through this past year has gotten you down to the point of complete and utter discouragement. But all is not lost.