Irish Life Assurance Plc
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Irish Life Assurance Plc
Irish Life Assurance plc, commonly known as Irish Life, is an Irish life assurance and pensions company. Irish Life has been part of the Great-West Lifeco group of companies since 2013, when the Irish Government sold the business. Prior to 2012, Irish Life was part of Permanent TSB. History The Irish Life assurance company was created in 1939 with state assistance and concentrated on life assurance and investment products. By 1936, as a result of the Great Depression, many life assurance companies were technically insolvent. The four which merged to form Irish Life (and their dates of incorporation) were the City of Dublin Assurance (1925); Irish Life and General Assurance (1923); Irish National Assurance (1919); and Munster and Leinster Assurance (1929). Later, some British companies shed their Irish operations and merged them into this new company. These were Prudential Assurance, Britannic Assurance, Liverpool Victoria, Pearl Assurance, and Refuge Assurance Company. The 1 ...
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Dublin
Dublin (; , or ) is the capital and largest city of Ireland. On a bay at the mouth of the River Liffey, it is in the province of Leinster, bordered on the south by the Dublin Mountains, a part of the Wicklow Mountains range. At the 2016 census it had a population of 1,173,179, while the preliminary results of the 2022 census recorded that County Dublin as a whole had a population of 1,450,701, and that the population of the Greater Dublin Area was over 2 million, or roughly 40% of the Republic of Ireland's total population. A settlement was established in the area by the Gaels during or before the 7th century, followed by the Vikings. As the Kingdom of Dublin grew, it became Ireland's principal settlement by the 12th century Anglo-Norman invasion of Ireland. The city expanded rapidly from the 17th century and was briefly the second largest in the British Empire and sixth largest in Western Europe after the Acts of Union in 1800. Following independence in 1922, Dubli ...
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Britannic Assurance
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 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 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 approximately two thousand staff in C ...
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2013 Mergers And Acquisitions
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1939 Establishments In Ireland
This year also marks the start of the Second World War, the largest and deadliest conflict in human history. Events Below, the events of World War II have the "WWII" prefix. January * January 1 ** Third Reich *** Jews are forbidden to work with Germans. *** The Youth Protection Act was passed on April 30, 1938 and the Working Hours Regulations came into effect. *** The Jews name change decree has gone into effect. ** The rest of the world *** In Spain, it becomes a duty of all young women under 25 to complete compulsory work service for one year. *** First edition of the Vienna New Year's Concert. *** The company of technology and manufacturing scientific instruments Hewlett-Packard, was founded in a garage in Palo Alto, California, by Bill Hewlett, William (Bill) Hewlett and David Packard. This garage is now considered the birthplace of Silicon Valley. *** Sydney, in Australia, records temperature of 45 ˚C, the highest record for the city. *** Philipp Etter took ove ...
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Insurance Companies Of Ireland
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by o ...
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Financial Services Companies Based In Dublin (city)
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessment ...
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Financial Services Companies Established In 1939
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability asses ...
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Post-2008 Irish Economic Downturn
The post-2008 Irish economic downturn in the Republic of Ireland, coincided with a series of banking scandals, followed the 1990s and 2000s Celtic Tiger period of rapid real economic growth fuelled by foreign direct investment, a subsequent property bubble which rendered the real economy uncompetitive, and an expansion in bank lending in the early 2000s. An initial slowdown in economic growth amid the international financial crisis of 2007–2008 greatly intensified in late 2008 and the country fell into recession for the first time since the 1980s. Emigration, as did unemployment (particularly in the construction sector), escalated to levels not seen since that decade. The Irish Stock Exchange (ISEQ) general index, which reached a peak of 10,000 points briefly in April 2007, fell to 1,987 points—a 14-year low—on 24 February 2009 (the last time it was under 2,000 being mid-1995). In September 2008, the Irish government—a Fianna Fáil–Green coalition—officially acknow ...
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Refuge Assurance Company
The Refuge Assurance Company Ltd. was a life insurance and pensions company based in England. It was founded by James Proctor and George Robins in Dukinfield, Cheshire in 1858. The company was originally known by the unwieldy name of the Refuge Friend in Deed Life Assurance and Sick Fund Friendly Society. From 1895 until 1987, its head office was the magnificent Grade II* listed, Refuge Assurance Building on Oxford Street in central Manchester, now used as the Kimpton Clocktower Hotel. In 1987, the company decided to move out of the city centre to new, purpose-built, offices in the grounds of Fulshaw Hall in Wilmslow, around 12 miles south of the old Refuge Building. In October 1996, the Refuge Assurance Company merged with United Friendly to form the United Assurance Group (UAG). After disappointing performances following the merger, the United Assurance Group was first approached by Britannic Assurance Resolution plc was a UK insurance company headquartered in the C ...
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Pearl Assurance
Phoenix Group Holdings plc (formerly Pearl Group plc) is a provider of insurance services based in London, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. History The company was founded in 1857 as The Pearl Loan Company and operated from the Royal Oak Public House opposite the Whitechapel Bell Foundry. It changed its name to The Pearl Assurance Company in 1914, when it moved to 252 High Holborn where it was based until moving its head office to Peterborough 1989. In 1990, it was acquired by the Australian insurance group, AMP, and in 2003, Pearl, NPI and London Life were demerged from AMP to become part of Henderson Group. In 2005, the Pearl Group was bought from Henderson Group by Sun Capital Partners (a business in which Hugh Osmond is a leading partner) and TDR Capital. It acquired Resolution Life (including its Phoenix Assurance operations) in 2008. In 2009, the business was acquired by the Liberty Acquisition Holdings (In ...
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Liverpool Victoria
Liverpool Victoria, trading since May 2007 as LV=, is one of the United Kingdom's largest insurance companies. It offers a range of insurance and retirement products. History The First Hundred Years The first known meeting of the Society was in March 1843 but there is no record of the members of the committee or its incorporation or rules. The anniversary history described it as starting without any subscribed capital, or influence and little experience. All that is known is that its President was a William Fenton, who also became treasurer and is believed to be the driving force behind the Society’s early growth. However, its objectives were clearly set out in its first report in September 1843. “The great object of this Society is to afford the poorer classes of the community the means of providing for themselves and their children a decent interment at the trilling expense of a halfpenny, a penny or three pence, according to the age of the member” Anon, Liverpool Vict ...
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Prudential Assurance
Prudential plc is a British multinational insurance company headquartered in London, England. It was founded in London in May 1848 to provide loans to professional and working people. Prudential has dual primary listings on the London Stock Exchange and Hong Kong Stock Exchange, and is a constituent of the FTSE 100 Index. It also has secondary listings on the New York Stock Exchange and Singapore Exchange. History Early history The company was founded in Hatton Garden in London in May 1848 as The Prudential, Investment, Loan, and Assurance Association and in September 1848 changed its name to The Prudential Mutual Assurance, Investment, and Loan Association, to provide loans to professional and working people. In 1854, the company began selling the relatively new concept of Industrial Branch insurance policies to the working class population for premiums as low as one penny a week through agents acting as door to door salesmen. The army of premium collection agents was for ...
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