Partnership Assurance
 | |
| Type | Financial services |
|---|---|
| Industry | Financial services |
| Founded | 1995 |
| Headquarters | London, United Kingdom |
Key people | Chris Gibson-Smith (Chairman) Steve Groves (CEO) |
| Revenue | £452.6 million (2014)[1] |
| £24.1 million (2014)[1] | |
| £18.8 million (2014)[1] | |
| Website | www.partnership.co.uk |
Partnership Assurance Group plc is a provider of non-standard annuities for individuals with medical or lifestyle conditions. In April 2016 it became part of the JRP Group.
History
[edit]The company was established as a management buyout of the Pension Annuity Friendly Society with funding from Phoenix Equity Partners in September 2005.[2] Cinven acquired the company in August 2008 and it was the subject of an initial public offering in June 2013.[3] In December 2014, Partnership completed the UK's largest medically underwritten bulk annuity transaction – a £206 million ‘top-slicing’ deal with Taylor Wimpey.[4]
In April 2016 the company merged with Just Retirement to form JRP Group.[5]
Operations
[edit]The company is a provider of annuities for people with medical conditions.[3]
References
[edit]- 1 2 3 "Results for year ended 31 December 2014" (PDF). Partnership Assurance. Retrieved 29 June 2015.
- ↑ "Ill health looks good to Cinven". Financial Times. 9 June 2008.
- 1 2 "Cinven eyes £1bn float for Partnership Assurance". The Telegraph. 13 May 2013. Retrieved 13 September 2013.
- ↑ "Taylor Wimpey Annual Report and Accounts 2014". Taylor Wimpey. 29 June 2015. Retrieved 20 March 2015.
- ↑ "Just Retirement/Partnership merger complete; JRP Group formed". 4 April 2016. Retrieved 16 April 2016.