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RSA Insurance Group Limited (trading as RSA, formerly RSA Insurance Group plc and Royal and Sun Alliance) is a British multinational general insurance company headquartered in London, England. RSA has major operations in the United Kingdom, Ireland, Scandinavia and Canada.
To strengthen its life business, Royal bought Lloyd’s Life in 1985 for £93 million, followed by the US life company Macabees in 1989. Like other financial institutions, in 1985 Royal started buying chains of estate agents, continuing right until the end of the housing boom; by October 1988 it had a controlling interest in 772 branches.
Friends Provident Life and Pension Limited – Provides life, pension and investment services within the UK; Friends Provident Life Assurance Limited – Provides life and investment services worldwide under English and Guernsey law. Friends Provident International Limited – Formerly Royal and Sun Alliance International but was taken over in ...
Sun Alliance Group plc was a large insurance business with its main offices in the City of London and later Horsham. It was created in 1959 by the merger of Sun Insurance, founded in 1710, and Alliance Assurance founded in 1824. In 1996 Sun Alliance merged with Royal Insurance to form the Royal & Sun Alliance Insurance Group.
Royal and Sun Alliance (1996–2025) The Western Assurance Company was a Canadian insurance company that has operated from 1851 to 2025. Western was one of the country's earliest fire insurance companies and played an important role in the development of the industry in Canada.
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. [citation needed] The first purchase was the life insurance business of Royal & SunAlliance, followed by the purchase of Swiss Life's UK business.
On Jan. 1, IBM put the brakes on its dollar-for-dollar 5% employee match in its 401(k) plan and began providing most of its US workers a portable "retirement benefit account."
The break was a result of the formation of the Sun Alliance and London Group. When Sun Alliance made a successful bid for London Assurance, it resulted in a conflict of interest with Sun Life, so it was agreed that they would go their separate ways. [21] From the 1970s SunLife split their headquarters between London and Bristol. [22]