Legal and General Group, often referred to as simply Legal and General, was founded back in 1836 by Sergeant John Adams and five other lawyers. Originally named the New Law Life Assurance Agency, business clients were restricted to those in the legal profession.
The group expanded in the UK and soon began to acquire overseas life assurance companies, purchasing a pensions business from the Metropolitan Life Assurance Company of New York in the 1930s. The company changed its name to Legal and General in the 1970s.
Today, Legal & General Group provides various insurance products and services worldwide. It operates in Legal & General Retirement, Legal & General Investment Management, Legal & General Capital, Legal & General Insurance, and General Insurance segments. The LGR sector offers annuity contracts with guaranteed income for a specified time; longevity insurance products for company pension schemes; and lifetime mortgages. The LGIM sector provides index fund management; active fixed income and liquidity management; corporate pension scheme solutions; and real estate funds. The LGC sector offers investment strategy and implementation, and direct investment services. The LGI sector protection products, such as health, disability, critical illness and accident; individual term assurance; savings and death benefits; and annuities. The GI segment provides household and accident, sickness, unemployment, and pet insurance products.
In June 2019, the company began selling off their shares of US companies that were deemed to be “laggards” when it came to addressing climate change, including ExxonMobile and MetLife.
Legal and General also praised Amazon‘s blockchain system for bulk pension deals and stated that they planned to introduce a blockchain model based on Amazon’s system to manage and record bulk annuities for its insurance division.
The corporate office for Legal and General remains in London, United Kingdom.
Legal and General Group, often referred to as simply Legal and General, was founded back in 1836 by Sergeant John Adams and five other lawyers. Originally named the New Law Life Assurance Agency, business clients were restricted to those in the legal profession.
The group expanded in the UK and soon began to acquire overseas life assurance companies, purchasing a pensions business from the Metropolitan Life Assurance Company of New York in the 1930s. The company changed its name to Legal and General in the 1970s.
History
Today, Legal & General Group provides various insurance products and services worldwide. It operates in Legal & General Retirement, Legal & General Investment Management, Legal & General Capital, Legal & General Insurance, and General Insurance segments. The LGR sector offers annuity contracts with guaranteed income for a specified time; longevity insurance products for company pension schemes; and lifetime mortgages. The LGIM sector provides index fund management; active fixed income and liquidity management; corporate pension scheme solutions; and real estate funds. The LGC sector offers investment strategy and implementation, and direct investment services. The LGI sector protection products, such as health, disability, critical illness and accident; individual term assurance; savings and death benefits; and annuities. The GI segment provides household and accident, sickness, unemployment, and pet insurance products.
In June 2019, the company began selling off their shares of US companies that were deemed to be “laggards” when it came to addressing climate change, including ExxonMobile and MetLife.
Legal and General also praised Amazon‘s blockchain system for bulk pension deals and stated that they planned to introduce a blockchain model based on Amazon’s system to manage and record bulk annuities for its insurance division.
The corporate office for Legal and General remains in London, United Kingdom.