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Mutual Benefit Life was taken into receivership for rehabilitation by the New Jersey Department of Banking and Insurance on July 16, 1991, after losses in an overheated real estate market led to a run by policyholders, who ultimately lost the purported "cash value" that had been said to have accrued in their policies. At the time, the collapse ...
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 ...
It changed its name to The Pearl Assurance Company in 1914, [2] when it moved to 252 High Holborn where it was based until moving its head office to Peterborough in 1989. [ 3 ] In 1990, it was acquired by the Australian insurance group, AMP , and in 2003, Pearl, NPI and London Life Association were demerged from AMP to become part of Henderson ...
The Standard Life Assurance Company was established in 1825 and reincorporated as a mutual assurance company in 1925. [3] During the 19th century it opened offices in Canada, India, China and Uruguay. [3] In 2006 demutualisation took place and the company was floated on the London Stock Exchange. [4]
The Equitable Life Assurance Society (Equitable Life), founded in 1762, is a life insurance company in the United Kingdom. The world's oldest mutual insurer, it pioneered age-based premiums based on mortality rate, laying "the framework for scientific insurance practice and development" [1] and "the basis of modern life assurance upon which all life assurance schemes were subsequently based". [2]
Prudential plc is a British-domiciled multinational insurance and asset management company ... 1848 changed its name to The Prudential Mutual Assurance, ...
Sampo is a leading Northern European P&C insurance group with operations in the Nordics, Baltics, and the UK. [2] Sampo is made up of the parent company Sampo plc, If P&C Insurance, Danish insurer Topdanmark and British P&C insurer Hastings Insurance. The parent company is responsible for the Group's strategy, capital allocation, risk ...
On 10 October 2007, Pearl made a formal offer of 660 pence per share, worth approximately £4.5 billion, in conjunction with the Royal London Mutual Insurance Society. [4] 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 ...