Legal & General
Legal & General Group plc is a financial company from the UK.
Which is listed on the London Stock Exchange in the FTSE 100 company offers life and health insurance and other insurance; as annuities and investment. The company's headquarters is located in London. Apart from the UK market, the company in France, Germany, the Netherlands and the United States operates.
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, Sainsbury's Bank, which makes their customers can offer insurance products.
Legal & General is today the largest asset manager for UK pension fund, the largest investor in the UK equity market, the market leader in term life insurance in the UK. For years, no life insurer in Europe is rated better in terms of financial strength. Since 1998 already eight times winner of the prestigious British Insurance Awards - Life Company of the Year.
History
Legal & General was founded in June 1836 by six lawyers in a Chancery Lane business. Beginning was the company name " New Law Life Assurance Society ". Later the name changed to " Legal & General Life Assurance Society ". The group expanded to the UK insurance market and began international life insurance companies to purchase: in the 1930s he acquired the Metropolitan Life Assurance Company of New York. 1956, the path to the life insurance market in Australia was trodden. In the 1970s, the entire company owned by the " Legal & General Group plc " was. In the 1980s, Legal & General acquired two other life insurance companies in the United States and another in the Netherlands.
Legal & General Australia was sold in 1998. One year later, proposed the project is missing, enforce a merger with the National Westminster Bank because it has been taken over by the Royal Bank of Scotland. 2002 bought Northern Rock the divisions Legal & General Bank and Legal & General Mortgage Services. 2002 Legal & General bought Suffolk Life, a provider of pension products. In the same year, the company offered the first insurance solutions for German customers.
Legal & General in Germany
Since 2002, insurance solutions for German customers in Germany about the " Legal & General Germany GmbH" in Cologne sold. These include term life insurance, annuities and unit-linked life insurance. Mid-2010, the new business was discontinued unit-linked life and pension insurance. The end of 2010 was followed by the discontinuation of new business with term life insurance.
On 1 March 2011, Legal & General withdrew entirely from Germany. The once based in Cologne, " Legal & General Germany GmbH" was closed and handed over the care of German customers to a service provider in Ireland ( Dublin) ..