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Pedalcover were taken over by Yellow Jersey, but they didn't think it might be an idea to let their existing customers know that. This resulted in quite a few changes, including presumably switching away from AXA.
Before being too upset about having to leave Pedalcover, you should talk to @amac090 about their experience with Pedalcover, which was one of a few things which made me leave them too.
I'm now with Laka - half-assed obligatory referral code below because I've never actually referred anyone :)
https://my.laka.co/1K8M9
"You might find this is never an issue for you, however, our new insurers NIG are a lot more strict on subsidence risks than our previous insurers AXA were. All insurance companies work on their own rating systems and also have different criteria of what level they are prepared to take on and unfortunately, based on your postcode, they have made the decision that your property is too high a risk.
Their ratings are based on a number of things including, but not limited to, claims in the area, soil types, any mining etc in the area and many others and also applies to contents only risks I’m afraid.
Again, I can only apologise for any inconvenience caused and thank you again for your previous custom."