In the Terms and Conditions, unless expressly stated otherwise, references to “Legal & General”, “We” or “Us” refer to all companies mentioned below. The following companies are all authorised and regulated by the Financial Conduct Authority and are based at One Coleman Street, London EC2R 5AA: Following this restructuring, Legal & General ventured into the U.S. market in 1981 when it acquired Government Employees Life Insurance Company for $140 million. The following year, she changed the name of the Washington, DC-based company to Banner Life. In 1984, it acquired Unilife Netherlands, the Dutch subsidiary of Unilife Assurance Group, and added Legal & General Netherlands. At the same time, however, not all of Legal & General`s foreign projects have worked. In 1981, the company decided to stop its non-life insurance activities in France and Australia. In 1987, Legal & General sold its 45% stake in Aegis Insurance, joining the trend of UK companies divesting their South African stakes due to declining profitability, shareholder pressure and concerns about political instability in that country. Some of the information on this website may contain projections or other forward-looking statements regarding future events or the future financial performance of countries, markets or companies. These statements are only predictions and actual events or results may differ materially. You must make your own assessment of the relevance, accuracy and relevance of the information contained on this website and conduct any independent research you deem necessary or appropriate for the purposes of such evaluation. Any opinion or estimate contained on this website is generally expressed and should not be construed as advice on your part.
The Second World War put pressure on the British insurance industry. Money and men fueled the war effort; Companies have been asked to do this by laying off employees dedicated to generating new business, and the latter by buying low-yielding government bonds, often selling higher-yielding securities. Fire insurance claims skyrocketed when German bombs fell on England. Legal & General was one of many companies forced to move their offices out of London in the wake of the attack. After several temporary moves, the company found itself in a former school in Kingswood, Surrey. The headquarters remained in Kingswood after peace returned, and later the central computer was also located there. This website must not be made available to the public in Kuwait. It is not intended for use by individuals. Legal & General developed later in the 19th century.
It entered the property business in the 1850s, investing heavily in the development of Birkenhead near London and the conversion of Belvedere Estate into a residential area in 1860. To serve the growing core business of life insurance, Legal & General opened its first office outside London in Manchester in 1889. By the turn of the century, the company`s total assets exceeded £2 million and it was the second largest insurance company in the UK with only ordinary life insurance business. In Germany, the branch of LGIM Managers (Europe) Limited is subject to limited supervision by the German Federal Financial Supervisory Authority (“BaFin”). The Legal & General Life Assurance Society was founded in 1836 when British life insurance was just beginning to flourish. At that time, rapid population growth in the United Kingdom and rising real personal income created favourable conditions for the life insurance industry. Between 1834 and 1836, 310 stock life insurance companies were established, of which Legal & General proved to be one of the most durable. The founders were six London lawyers—Sergeant John Adams, Basil Montagu, W. C.
L. Keene, Kenyon S. Parker, J. H. R. Chichester, and George L. Baker—who convened their first meeting of the board of directors in June 1836 in a law firm at 18 Lincoln`s Inn Fields. At this meeting Adams was elected president and the company`s initial capitalization was set at £1 million, a goal achieved by selling shares in 1839. The first board of directors was set at 24 members, which was increased to 30 at the next meeting, and actions were limited to members of the legal profession.
Legal & General Group plc, commonly known as Legal & General, is a British multinational financial services and wealth management company headquartered in London, England. Products and services include investment management, life mortgages (a form of share release), annuities, annuities and life insurance.
