18-706: Royal London may refer to: Royal London Group , the UK's largest mutual life and pensions company Royal London One-Day Cup , a cricket competition sponsored by the above Royal London Hospital , a hospital in Whitechapel, London, UK Royal London Society for Blind People , a charity based in the UK The Royal London Circus , a travelling circus based in Malaysia Topics referred to by
36-512: A London coffee shop, Royal London was initially set up as a friendly society dedicated to serving the interest of its members and securing their financial security. Royal London became a mutual life assurance society in 1908. Other elements of the modern business are older than the primary brand: for example Royal Liver Assurance was founded in 1850, while the Irish business, until recently branded as Caledonian Life dates back to 1824, and represents
54-477: A merger with Friends Provident to create a new entity, Friends Financial , with a market cap of circa £8.6Bn, however by September 2007 it was announced that Hugh Osmond's Pearl Group , a critic of the proposed merger with Friends Provident, had undergone talks with Swiss Re about a potential deal to take over Resolution, but talks broke down. On 10 October 2007, Pearl made a formal offer of 660 pence per share, worth approximately £4.5 billion, in conjunction with
72-691: A single Royal London brand. In 2020 Royal London purchased Police Mutual and Forces Mutual. Resolution plc Resolution plc was a UK insurance company headquartered in the City of London . It was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index but was acquired by the Pearl Group in May 2008. The Resolution Life group was formed in 2004 to provide
90-423: A stake of 24.1% of Resolution's ordinary shares, which would have effectively blocked any planned merger from Standard Life as it would have required 75% approval from shareholders. In mid-November 2007, Standard Life pulled out of the merger and the offer from Pearl was recommended by the board to shareholders. At the extraordinary general meeting , held on 8 January 2008, the shareholders overwhelmingly agreed to
108-417: A transaction to acquire the open businesses of Resolution . These were the protection businesses Scottish Provident and Scottish Mutual; Phoenix Life Assurance Limited (formerly Abbey National Life) and Scottish Provident International. At the beginning of 2009 the offshore businesses Scottish Provident International and Scottish Life International were combined to form a new entity, Royal London 360° based in
126-474: A vehicle for life funds that have been closed to new business, but have liabilities extending many years into the future, nicknamed zombie funds . The first purchase was the life insurance business of Royal & SunAlliance , followed by the purchase of Swiss Life 's UK business. In September 2005, Resolution Life merged with the FTSE company Britannic Group, who had closed to new business in 2003. In 2006,
144-569: Is different from Wikidata All article disambiguation pages All disambiguation pages Royal London Group The Royal London Mutual Insurance Society Limited , along with its subsidiaries, is the largest mutual insurer and investment company in the United Kingdom , and in the top 30 mutuals globally, with Group funds under management of £169 billion, as of March 2024. Group businesses provide 8.5 million policies and employ over 4,400 people, as of June 2024. Royal London
162-630: Is the largest mutual life, pensions and investment company in the UK, while also providing protection products in Ireland . Royal London is registered in England with its head office in the City of London . It has other large offices in Alderley Park and Edinburgh , with smaller offices in Glasgow , Dublin , Lichfield & Liverpool . Founded in 1861 by Joseph Degge and Henry Ridge in
180-671: The Caledonian Insurance Company founded in Edinburgh in 1805. Royal London Asset Management (RLAM) a wholly owned subsidiary of the group was founded in 1988. RLAM employs 76 investment professionals, based in the company's London office. In 2013, Royal London signed a four-year deal to sponsor one day cricket in England and Wales , including domestic and international fixtures. On 31 December 2000 Royal London took over United Assurance Group plc. The transaction
198-723: The Isle of Man. This business was subject to a management buyout in November 2013. Royal London 360° rebranded to RL360° soon after the MBO . In 2010 Royal London announced that it was in talks with Royal Liver Assurance over a possible acquisition. Terms were agreed in 2011 and the delegates of Royal Liver voted for the takeover at their AGM on 12 May 2011 and the transfer was completed on 1 July. In 2013 The Co-operative Group agreed to sell its life & pensions and asset management businesses to Royal London. The proposed transaction gained
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#1732783125850216-539: The Royal London Mutual Insurance Society. Standard Life and Swiss Re also entered the bidding for Resolution, and for a brief period on 26 October 2007 their cash and shares bid, worth £4.9 billion was recommended by the board, which called off any deal with Friends Provident. Within a short space of time, Pearl came back with an all-cash offer of 720 pence per share. In addition, Hugh Osmond , chief executive of Pearl, now controlled
234-468: The approval of Royal London members at an EGM in June 2013 and gained regulatory approval on 31 July 2013. In 2015 Caledonian Life, the group’s Irish business rebranded to become Royal London Ireland. At the end of 2015, Royal London completed the rebrand of its two UK protection businesses, Bright Grey and Scottish Provident to a new Royal London protection brand. This completed the group’s journey to become
252-476: The merged group bought the life business of Abbey National , a transaction of £3.6 billion that brought entry into the FTSE 100. On 30 May 2007 Resolution announced a strategic partnership with Capita which will result in the transfer of approximately two thousand staff in Customer Services and IT and phased outsourcing of back-office customer services to India. On 25 July 2007 Resolution agreed
270-623: The merger. Having been approved by the Financial Services Authority in mid-April 2008, the acquisition was completed on 1 May 2008. The Scottish Provident and Scottish Provident International brands and various in-force blocks of policies were taken over by the Royal London Group , with the rest going to Pearl. At this time, Pearl agreed to allow Clive Cowdery to use the Resolution brand. Resolution
288-420: The same term [REDACTED] This disambiguation page lists articles associated with the title Royal London . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Royal_London&oldid=851297903 " Category : Disambiguation pages Hidden categories: Short description
306-641: Was relaunched by Clive Cowdery as an investment acquisition vehicle in December 2008. Resolution Life Group Holdings Ltd, which is registered in Bermuda, is the holding company for several global insurance brands, including AMP Life . In 2019, investors in the holding company included JPMorgan Chase , KKR , Nippon Life Insurance Company , Temasek Holdings and a Middle Eastern sovereign wealth fund. The group resumed talks with Friends Provident in July 2009 but
324-663: Was the largest acquisition of a quoted UK company by a mutual. United Assurance Group itself had been formed by the merger of United Friendly and Refuge Assurance in October 1996. On 2 October 2000 it was announced that Royal London would acquire Scottish Life, the Edinburgh-based pension specialist. Transfer took place on 1 July 2001. In March 2003 Royal London launched a new start up protection business, Bright Grey based in Edinburgh. In May 2008 Royal London concluded
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