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IN BRIEF: Manx Financial gets FCA approval to offer insurance in UK

ALN

Manx Financial Group PLC - Douglas, Isle of Man-based provider of financial services to commercial and retail customers - CAM Wealth Group Ltd, a subsidiary of Manx Financial, gets approval from the Financial Conduct Authority to sell and distribute general insurance in the UK. Manx Financial says this is a ‘significant milestone’ in its effort to expand its financial services offerings via its new insurance arm CAM Insurance Solutions to retail customers and small and medium enterprises. ‘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,’ says Chief Executive Officer Douglas Grant.

Current stock price: 26.60 pence, up 11% in London on Thursday

12-month change: up 40%

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