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Friends Life Group
Friends Life Group Limited was a Guernsey-incorporated investment vehicle which had the stated intent of forcing 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 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 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 December 2008, took the place of Friends Provident in the F ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aviva
Aviva plc is a British multinational insurance company headquartered in London, England. It has about 19 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 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 new company's logo incorporated a triangle, which is based on the spire of Norwich Cathedral. The Norwich Union brand was retained for the UK long-term savings and general insurance ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leveraged Buyout
A leveraged buyout (LBO) is the acquisition of a company using a significant proportion of borrowed money (Leverage (finance), leverage) to fund the acquisition with the remainder of the purchase price funded with private equity. The assets of the acquired company are often used as collateral for the financing, along with any equity contributed by the acquiror. While corporate acquisitions often employ leverage to finance the purchase of the target, the term "leveraged buyout" is typically only employed when the acquiror is a financial sponsor (a private equity investment firm). The use of debt, which normally has a lower cost of capital than Equity (finance), equity, serves to reduce the overall cost of financing for the acquisition and enhance returns for the private equity investor. The equity investor can increase their projected returns by employing more leverage, creating incentives to maximize the proportion of debt relative to equity (i.e., debt-to-equity ratio). Whi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Formerly Listed On The London Stock Exchange
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporation pu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 2008
Finance refers to monetary resources and to the study and Academic discipline, discipline of money, currency, assets and Liability (financial accounting), liabilities. As a subject of study, is a field of Business administration, Business Administration wich study the planning, organizing, leading, and controlling of an organization's resources to achieve its goals. Based on the scope of financial activities in financial systems, the discipline can be divided into Personal finance, personal, Corporate finance, corporate, and public finance. In these financial systems, assets are bought, sold, or traded as financial instruments, such as Currency, currencies, loans, Bond (finance), bonds, Share (finance), shares, stocks, Option (finance), options, Futures contract, futures, etc. Assets can also be banked, Investment, invested, and Insurance, insured to maximize value and minimize loss. In practice, Financial risk, risks are always present in any financial action and entities. Due ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Companies Of The United Kingdom
Investment is traditionally defined as the "commitment of resources into something expected to gain value over time". If an investment involves money, then it can be defined as a "commitment of money to receive more money later". From a broader viewpoint, an investment can be defined as "to tailor the pattern of expenditure and receipt of resources to optimise the desirable patterns of these flows". When expenditures and receipts are defined in terms of money, then the net monetary receipt in a time period is termed cash flow, while money received in a series of several time periods is termed cash flow stream. In finance, the purpose of investing is to generate a return on the invested asset. The return may consist of a capital gain (profit) or loss, realised if the investment is sold, unrealised capital appreciation (or depreciation) if yet unsold. It may also consist of periodic income such as dividends, interest, or rental income. The return may also include currency gains ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Limited Liability Partnership
A limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities. It therefore can exhibit aspects of both partnerships and corporations. In an LLP, each partner is not responsible or liable for another partner's misconduct or negligence. This distinguishes an LLP from a traditional partnership under the UK Partnership Act 1890, in which each partner has joint (but not several) liability. In an LLP, some or all partners have a form of limited liability similar to that of the shareholders of a corporation. Depending on the jurisdiction, however, the limited liability may extend only to the negligence or misconduct of the other partners, and the partners may be personally liable for other liabilities of the firm or partners. Unlike corporate shareholders, the partners have the power to manage the business directly. In contrast, corporate shareholders must elect a board of directors under the laws of v ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2010 Friends Provident T20
The 2010 Friends Provident t20 tournament was the eighth edition of what would later become the T20 Blast, England's premier domestic Twenty20 cricket competition. The competition ran from 1 June 2010 until the finals day at The Rose Bowl on 14 August 2010. , www.ecb.co.uk. Retrieved 27 May 2010. The eighteen counties were split into two regions, North and South. Group members played each other twice, with the top four teams from each group progressing to the quarter-final knockout stage. The change in format meant a rise in the number of matches played, from 97 to 151. The competition was won by Hampshire Royals, who ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
England And Wales Cricket Board
The England and Wales Cricket Board, aka ECB, is the Sports governing body, national governing body of cricket in England and Wales. It was formed on 1 January 1997 as a single governing body to combine the roles formerly fulfilled by the Test and County Cricket Board, the National Cricket Association and the Cricket Council. In April 1998 the Women's Cricket Association was integrated into the organisation. The ECB's head offices are at Lord's Cricket Ground in NW postcode area, north-west London. The board oversees all levels of cricket in England and Wales, including the national teams: England cricket team, England Men (Test cricket, Test, One Day International and Twenty20 International, T20I), England women's cricket team, England Women, England Lions cricket team, England Lions (Men's second tier), Physical Disability, Learning Disability, Visually Impaired, and England Deaf cricket team, Deaf. Although the organisation is the England and Wales Cricket Board, it is refer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cricket
Cricket is a Bat-and-ball games, bat-and-ball game played between two Sports team, teams of eleven players on a cricket field, field, at the centre of which is a cricket pitch, pitch with a wicket at each end, each comprising two Bail (cricket), bails (small sticks) balanced on three stump (cricket), stumps. Two players from the Batting (cricket), batting team, the striker and nonstriker, stand in front of either wicket holding Cricket bat, bats, while one player from the Fielding (cricket), fielding team, the bowler, Bowling (cricket), bowls the Cricket ball, ball toward the striker's wicket from the opposite end of the pitch. The striker's goal is to hit the bowled ball with the bat and then switch places with the nonstriker, with the batting team scoring one Run (cricket), run for each of these swaps. Runs are also scored when the ball reaches the Boundary (cricket), boundary of the field or when the ball is bowled Illegal delivery (cricket), illegally. The fielding tea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Friends Life T20
The T20 Blast, officially known as the Vitality Blast for sponsorship reasons, is a professional Twenty20 cricket league in England and Wales. The competition was established by the England and Wales Cricket Board (ECB) in 2003. T20 Blast is the oldest domestic T20 league in the world. It is one of the top-level Twenty20 league in the world. Vitality Blast comprises 18 teams, with 17 in the England and 1 in Wales. The competition has been known by a variety of names due to commercial sponsorship. It was known as the Twenty20 Cup from 2003 to 2009, the Friends Provident t20 and Friends Life t20 from 2010 to 2013, and the Natwest t20 Blast from 2014 to 2017. The competition has been sponsored by insurance company Vitality since 2018 and is known as the Vitality Blast. History When the Benson & Hedges Cup ended in 2002, the ECB sought another one-day competition to fill with the younger generation in response to dwindling crowds and reduced sponsorship. The Board wanted to deliv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Axa Sun Life
Axa S.A. is a French multinational insurance corporation headquartered in the 8th arrondissement of Paris. It also provides investment management and other financial services via its subsidiaries. As of 2024, it is the fourth largest financial services company by revenue in France, and the 8th largest French company. The Axa Group operates primarily in Western Europe, North America, the Indian Pacific region, and the Middle East, with a presence in Africa as well. It is a component of the Euro Stoxx 50 stock market index. In 2023, the company was ranked 48th in the Forbes Global 2000. Name Despite being written by the company in upper case, "AXA" is not an acronym. It was chosen because its name can be pronounced easily by people who speak any language. After acquiring the Drouot Group in 1982, chairman and CEO Claude Bébéar hired an outside consultant to conduct a computer-aided search for a new name. Bébéar wanted a short and snappy name to convey vitality and could ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Friends Provident
Friends' Provident Insurance was a banking institution founded in 1832 to serve the needs of the Society of Friends (Quakers). Based in Bradford, Yorkshire, it concentrated on sickness and annuity policies until its life fund acquired Century Insurance in 1918, expanding into general insurance. The restriction to Quaker membership was an increasing constraint but the ties were substantially reduced by the Friends' Provident Institution Act 1915 ( 5 & 6 Geo. 5. c. xlv). Although Century's branch network enabled FPI to expand, the periodic underwriting losses strained the life fund's capital base and Century was sold in 1975. In the year 2000, Friends Provident demutualised and listed on the FT100 Index. After abortive takeover negotiations, Friends accepted a takeover bid from Resolution Limited in 2009. History The early years Samuel Tuke and Joseph Rowntree first mooted the ideal of a friendly society in 1829, to serve the needs of the Society of Friends (Quakers). Tuke, w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
