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Friends Provident International
Friends’ Provident Insurance was a banking institution founded in 1832 to serve the needs of the Society of Friends (Quakers). Based in Bradford, 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’ Proviant Institution Act 1915. 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, who was a prominent leader i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australia
Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, smaller islands. With an area of , Australia is the largest country by area in Oceania and the world's List of countries and dependencies by area, sixth-largest country. Australia is the oldest, flattest, and driest inhabited continent, with the least fertile soils. It is a Megadiverse countries, megadiverse country, and its size gives it a wide variety of landscapes and climates, with Deserts of Australia, deserts in the centre, tropical Forests of Australia, rainforests in the north-east, and List of mountains in Australia, mountain ranges in the south-east. The ancestors of Aboriginal Australians began arriving from south east Asia approximately Early human migrations#Nearby Oceania, 65,000 years ago, during the Last Glacial Period, last i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
JC Flowers
J.C. Flowers & Co. is an American private equity investment firm, focused on investments in the financial services sector. The firm, founded in 2001, is based in New York City and run by billionaire J. Christopher Flowers, a former Goldman Sachs partner. As of 2017, the firm had invested more than $15 billion in capital. JC Flowers manages two private equity funds, J.C. Flowers I LP, closed in 2002 with $900 million of committed capital, and J.C. Flowers II LP, closed in 2006 with $7.0 billion of committed capital. Both funds are focused exclusively on the financial services sector. JC Flowers in Europe is led by its managing director, David Morgan. Investments JC Flowers' most notable investments include such financial services companies as: * Chi-X Australia along with Chi-X Japan and Chi-Tech Hong Kong * Enstar Group * Shinsei Bank * NIBC Bank N.V. * Hypo Real Estate Group (Germany) (formerly 24.9%) * First Bank (Romania) (76.1%) * HSH Nordbank (Germany) (26.6% ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Resolution Plc
Resolution plc was a UK insurance company headquartered in the City of London. It was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index but was acquired by the Pearl Group in May 2008. History Early history The Resolution Life group was formed in 2004 to provide a vehicle for life funds that have been closed to new business, but have liabilities extending many years into the future, nicknamed ''zombie funds''. The first purchase was the life insurance business of RSA Insurance Group, Royal & SunAlliance, followed by the purchase of Swiss Life's UK business. In September 2005, Resolution Life merged with the FTSE company Britannic Group, who had closed to new business in 2003. In 2006, the merged group bought the life business of Abbey (bank), Abbey National, a transaction of £3.6 billion that brought entry into the FTSE 100. On 30 May 2007 Resolution announced a strategic partnership with Capita which will result in the transfer of approx ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
F&C Asset Management
F&C Asset Management Plc was an international asset management company. It was acquired by Bank of Montreal in 2014, and renamed as BMO Asset Management (Holdings) Plc in 2018. Its head office was in the City of London in Exchange House, Primrose Street, London. The company was then acquired by Columbia Threadneedle Investments in 2021 and renamed to Columbia Threadneedle AM (Holdings) Plc in 2022. History F&C Asset Management was established in 1972, to take over the management of the Foreign & Colonial Investment Trust. HypoVereinsbank took a 50% stake in the company in 1989, increasing it to 90% in 1998. Eureko acquired HypoVereinsbank's stake in 2000 and acquired the remaining 10% (which had been held by Foreign & Colonial Investment Trust) in 2001. F&C Asset Management retained the F&C brand for the enlarged business when it merged with Isis Asset Management in 2004. The enlarged business was then owned jointly by Eureko and Friends Provident (which had been the majorit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many smaller islands within the British Isles. Northern Ireland shares a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between the Kingdom of England (which included Wales, annexed in 1542) and the Kingdom of Scotland in 170 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Regina, Saskatchewan
Regina () is the capital city of the Provinces and territories of Canada, Canadian province of Saskatchewan. The city is the second-largest in the province, after Saskatoon, and is a commercial centre for southern Saskatchewan. As of the 2021 Canadian census, 2021 census, Regina had a List of cities in Saskatchewan, city population of 226,404, and a List of census metropolitan areas and agglomerations in Canada, Metropolitan Area population of 249,217. It is governed by Regina City Council. The city is surrounded by the Rural Municipality of Sherwood No. 159. Regina was History of Northwest Territories capital cities, previously the seat of government of the Northwest Territories, North-West Territories, of which the current provinces of Saskatchewan and Alberta originally formed part, and of the District of Assiniboia. The site was previously called Wascana ("Buffalo Bones" in Cree), but was renamed to Regina (Latin for "Queen") in 1882 in honour of Queen Victoria. This decisio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Phoenix Insurance
The Phoenix Companies, Inc., is a financial services company that traces its origins to 1851. Phoenix was acquired bNassau Financial Groupin 2016 and remains headquartered in Hartford, Connecticut, with 650 employees as of 2015. Phoenix remains one of the few insurance companies to keep its headquarters in Hartford. History The Phoenix Companies comprises a number of businesses that trace their origins to the mid-19th century. 19th century In 1851, the oldest predecessor of The Phoenix Companies, The American Temperance Life Insurance Company, was founded. The American Temperance Life Insurance Company was a part-mutual, part-stock company that insured only those who abstained from alcohol and was founded by a group of prominent Hartford businessmen as well as religious and civic leaders. As the temperance movement began to wane, American Temperance Life Insurance Company changed its name to Phoenix Mutual Life Insurance Company in 1860, accepting all customers. The company's ne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dorking
Dorking () is a market town in Surrey in South East England, about south of London. It is in Mole Valley District and the council headquarters are to the east of the centre. The High Street runs roughly east–west, parallel to the Pipp Brook and along the northern face of an outcrop of Lower Greensand. The town is surrounded on three sides by the Surrey Hills Area of Outstanding Natural Beauty and is close to Box Hill and Leith Hill. The earliest archaeological evidence of human activity is from the Mesolithic and Neolithic periods, and there are several Bronze Age bowl barrows in the local area. The town may have been the site of a staging post on Stane Street during Roman times, however the name 'Dorking' suggests an Anglo-Saxon origin for the modern settlement. A market is thought to have been held at least weekly since early medieval times and was highly regarded for the poultry traded there. The Dorking breed of domestic chicken is named after the town. The loca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wall Street Crash Of 1929
The Wall Street Crash of 1929, also known as the Great Crash, was a major American stock market crash that occurred in the autumn of 1929. It started in September and ended late in October, when share prices on the New York Stock Exchange collapsed. It was the most devastating stock market crash in the history of the United States, when taking into consideration the full extent and duration of its aftereffects. The Great Crash is mostly associated with October 24, 1929, called ''Black Thursday'', the day of the largest sell-off of shares in U.S. history, and October 29, 1929, called ''Black Tuesday'', when investors traded some 16 million shares on the New York Stock Exchange in a single day. The crash, which followed the London Stock Exchange's crash of September, signaled the beginning of the Great Depression. Background The "Roaring Twenties", the decade following World War I that led to the crash, was a time of wealth and excess. Building on post-war optimism, rural Amer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leadenhall Street
__NOTOC__ Leadenhall Street () is a street in the City of London. It is about and links Cornhill, London, Cornhill in the west to Aldgate in the east. It was formerly the start of the A11 road (England), A11 road from London to Norwich, but that route now starts further east at Aldgate. Leadenhall Street has always been a centre of commerce. It connected the medieval market of Leaden Hall with Aldgate, the eastern gate in the Roman city wall. The East India Company had its headquarters there, as later did the Peninsular and Oriental Steam Navigation Company (P&O). By the mid 20th century, grand stone-faced offices lined the street. Today it is closely associated with the insurance industry and particularly the Lloyd’s of London, Lloyd's insurance market, with its dramatic building in the adjacent Lime Street. It forms part of a cluster of tall buildings including the 48-storey 122 Leadenhall Street, “Cheesegrater” and the 38-storey The Scalpel, “Scalpel”. Other buildi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canada
Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by total area. Its southern and western border with the United States, stretching , is the world's longest binational land border. Canada's capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver. Indigenous peoples have continuously inhabited what is now Canada for thousands of years. Beginning in the 16th century, British and French expeditions explored and later settled along the Atlantic coast. As a consequence of various armed conflicts, France ceded nearly all of its colonies in North America in 1763. In 1867, with the union of three British North American colonies through Confederation, Canada was formed as a federal dominion of four provinces. This began an accretion of provinces an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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