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The rationalisation continued and was marked, in particular, with the move of the head office from Liverpool to London in 1960. Even that had not gone far enough because there was further restructuring in 1981, with new companies made responsible for specific product areas, e.g., Royal Life Insurance Ltd. [4] [5]
Royal Liver Assurance Limited (RLAL), an Incorporated Friendly Society, founded in Liverpool in 1850 for the mutual benefit and financial security of local families. RLAL also traded under the names Progress (in the UK) and Caledonian Life (in Ireland). RLAL had two subsidiary companies: Royal Liver Asset Managers in the UK
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 the Caledonian Insurance Company founded in Edinburgh ...
Two months later, Friends Provident acquired RSA's offshore life unit International Financial Services Limited, based on the Isle of Man, for £133 million. [27] In July 2002, RSA sold its group risk business to Canada Life for £60 million. [28] RSA was forced to close its life business, with the loss of 1,200 jobs, in August 2002. [29]
The Liverpool Fire & Life Insurance Co. was founded in 1836 in response to increased premiums from the London insurance companies. It expanded rapidly, at home and abroad, and after the acquisition of the London insurer, Globe Insurance, in 1864 it became the Liverpool and London Globe Insurance Company. In 1919 it was acquired by another ...
In 2013 its freehold was bought by Liverpool City Council, and it was converted it into a hotel. [4] It opened as the Aloft Liverpool Hotel on 29 October 2014. [5] At the 20 years of the register, the renovation of the Royal Insurance Building was named as one of the successful rescues. [6]
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