Royal London Mutual Insurance Society Ltd

From WikiCorporates
Jump to navigation Jump to search

Royal London Mutual Insurance Society, along with its subsidiaries, is the largest mutual insurer in the UK, with group funds under management of £114bn. The group provides ~8.8m policies and employs 3,637 people (Dec.2017).ref Also provides protection products in Ireland.


AR-2018, Members-AR-2018, [CH-99064]

  • The group’s independent wrap platform has remained branded as Ascentric.Website
  • 2015: Bright Grey and Scottish Provident were rebranded.
  • 2015: Royal London Ireland: Caledonian Life, the group's Irish protection business, was rebranded.
  • 2014: Rebrand: Royal London commenced a group-wide rebrand to bring all its businesses under one umbrella, introducing the purple pelican logo.
  • Jul.2013: Royal London (CIS) Ltd: the Co-operative Insurance Society became part of Royal London following the purchase of the Co-operative Banking Group's life insurance, pensions and asset management businesses (CIS and TCAM).
  • Jul.2011: Royal Liver Assurance Ltd was acquired.
  • 2009: The offshore businesses Scottish Provident International and Scottish Life International}} were combined to form a new entity, Royal London 360°, based in the Isle of Man. This business was subject to a management buyout in Nov.2013.ref Royal London 360° rebranded to RL360° soon after the MBO.ref
  • May.2008: Scottish Provident (protection products), Scottish Provident International, Phoenix Life Assurance Ltd (formerly Abbey National Life) were acquired, via the open businesses of Resolution. (and Scottish Mutual).
  • 2007: Ascentric (Wrap platform) and FundsDirect joined the group.
  • Mar.2003: Bright Grey, a specialist protection business, was launched in Edinburgh.
  • Jul.2001: Scottish Life, the Edinburgh-based pension specialist, was acquired.
  • Dec.2000: United Assurance Group plc was taken over by Royal London. United Assurance Group had been formed by the merger of United Friendly and Refuge Assurance in Oct.1996.
  • 1988: Royal London Asset Management Ltd was founded as a separate investment management company. Website
  • 1908: Members voted overwhelmingly to convert Royal London from a Friendly Society to a Mutual Company.
  • Feb.1861: Royal London Life Insurance and Benefit Society: Joseph Degge and Henry Ridge met in a London coffee house to discuss the formation of a new Friendly Society (burial club).
  • 1850: Royal Liver Assurance was founded.
  • 1824: Caledonian Life, the Irish business, dates back to 1824, and represents the Caledonian Insurance Company founded in Edinburgh in 1805.

Royal London Financial Planner

Aegon NV = Guardian Royal Exchange.arch