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Resolution Limited
Friends Life Group Limited was a Guernsey-incorporated investment vehicle which had the stated intent of forcing Consolidation (business), consolidation in the British life insurance industry. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index. It was acquired by Aviva on 13 April 2015. History The firm was founded as Resolution Limited by entrepreneur Clive Cowdery in 2008 after agreeing a deal to retain the naming rights to Resolution plc, the zombie fund investor he founded which was sold to Phoenix Group, Pearl Group that year. The company was established with the intention of completing the leveraged buyout and merger of at least three UK life insurance operators by 2012 and Corporate spin-off, spinning out the enlarged company on the stock market. The first of these, Friends Provident, was acquired in November 2009 for £1.86 billion. Upon completion of the deal Resolution, which obtained a listing on the London Stock Exchange in D ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aviva
Aviva plc is a British multinational insurance company headquartered in London, England. It has about 18 million customers across its core markets of the United Kingdom, Ireland and Canada. In the United Kingdom, Aviva is the largest general insurer and a leading life and pensions provider. Aviva is also the second largest general insurer in Canada. Aviva also has a focus on the growth markets of China and South East Asia through investments and joint ventures with other firms. Aviva has a primary listing on the London Stock Exchange, and is a constituent of the FTSE 100 Index. Name The name of the company upon its formation in May 2000 was CGNU plc and was created when Norwich Union merged with insurer CGU. In April 2002, the company's shareholders voted to change the company name to Aviva plc, an invented palindrome word derived from "viva", the Latin for 'alive' and designed to be short, memorable and work worldwide. The Norwich Union brand, however, was retained for the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
