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Partnership Assurance

Partnership Assurance Group plc
Company typeFinancial services
IndustryFinancial services
Founded1995
HeadquartersLondon, 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]
Websitewww.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

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

The company is a provider of annuities for people with medical conditions.[3]

References

  1. ^ a b c "Results for year ended 31 December 2014" (PDF). Partnership Assurance. Retrieved 29 June 2015.
  2. ^ "Ill health looks good to Cinven". Financial Times. 9 June 2008.
  3. ^ a b "Cinven eyes £1bn float for Partnership Assurance". The Telegraph. 13 May 2013. Retrieved 13 September 2013.
  4. ^ "Taylor Wimpey Annual Report and Accounts 2014". Taylor Wimpey. 29 June 2015. Retrieved 20 March 2015.
  5. ^ "Just Retirement/Partnership merger complete; JRP Group formed". 4 April 2016. Retrieved 16 April 2016.
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