Legal & General
| Legal & General Group Plc
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|---|---|
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| legal form | Public limited company |
| ISIN | GB0005603997 |
| founding | 1836 |
| Seat | London , UK |
| management | John Stewart, Chairman Dr Nigel Wilson, Chief Executive Officer |
| Number of employees | 9,324 (2009) |
| sales | £ 43,790 billion (2009) |
| Branch | Financial services |
| Website | www.legalandgeneralgroup.com |
Legal & General Group plc is a UK financial company .
The company, which is listed on the London Stock Exchange in the FTSE 100, offers life and health insurance as well as other insurance; as well as pension insurance and investments. The company's headquarters are in London . In addition to the UK market, the company operates in France , Germany , the Netherlands and the United States .
Legal & General has alliances with various companies such as Barclays Bank , Alliance & Leicester , Birmingham Midshires , Norwich and Perborough Building Society , National Australia Bank , Bank of Ireland , Bradford & Bingley , Chelsea Building Society and Sainsbury's Bank , making it their clients Can offer insurance products.
Legal & General is now the largest asset manager for UK pension funds, the largest investor in the UK equity market and the UK market leader in term life insurance. For years, no life insurer in Europe has been rated better in terms of financial strength. Eight times winner of the prestigious British Insurance Awards - Life Insurer of the Year since 1998.
history
Legal & General was founded in June 1836 by six lawyers in a Chancery Lane business. Initially the company name was "New Law Life Assurance Society". Later the name changed to "Legal & General Life Assurance Society". The group expanded into the UK insurance market and began acquiring life insurance companies internationally: in the 1930s it acquired the Metropolitan Life Assurance Company in New York . In 1956 the road to the life insurance market in Australia was taken. In the 1970s, the entire company became the property of Legal & General Group plc. In the 1980s Legal & General acquired two other life insurance companies in the United States and one in the Netherlands.
Legal & General Australia was sold in 1998. A year later, the project failed to push through a merger with the National Westminster Bank , since this was taken over by the Royal Bank of Scotland . In 2002 Northern Rock bought the Legal & General Bank and Legal & General Mortgage Services divisions . 2002 Legal & General bought Suffolk Life , a provider of pension products. In the same year, the company also offered insurance solutions for German customers for the first time.
Legal & General in Germany
Since 2002, insurance solutions for German customers have been sold in Germany through "Legal & General Deutschland Service GmbH" in Cologne . This included term life insurance, unit-linked annuity insurance and life insurance. New business with unit-linked life and pension insurance was discontinued in mid-2010. At the end of 2010, new business with term life insurance was discontinued.
On March 1, 2011 Legal & General withdrew completely from Germany. "Legal & General Deutschland Service GmbH", which was once based in Cologne, was closed and the support for German customers was handed over to a service provider in Ireland (Dublin).
As of December 1, 2016, Legal & General's German business was completely discontinued and the remaining Legal & General insurance contracts were transferred to Canada Life plc, also based in Dublin / Ireland, with the contracts being managed by the aforementioned service provider - now under the name of Canda Life-
Web links
- Legal & General Group Plc website (in English)
Individual evidence
- ↑ a b Legal & General Group Plc: Annual Report 2009. (PDF; 10.4 MB) Retrieved on March 23, 2011 (English).
- ↑ L&G informed its German customers, including the author of this paragraph, in writing in mid-November. see. Also at the bottom of the Archived Copy page ( Memento of the original from December 6, 2010 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
