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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. From January 2020, following the sale of Legal & General Insurance to Allianz, Allianz will no longer offer non-life insurance. [3] The firm operates in the UK and US, with investment management firms in the Gulf, Europe and Asia. [1] Legal & General was founded in June 1836 by Sergeant John Adams and five other lawyers in a café in Chancery Lane. [6] Originally called the New Law Life Assurance Society, the Society was limited to lawyers. The name was changed to Legal & General Life Assurance Society to reflect the fact that the policies were available to the general public, but ownership of the shares was limited to lawyers. The group expanded into the UK and soon began acquiring foreign life insurance companies by buying a retirement business from the Metropolitan Life Assurance Company of New York in the 1930s. [6] The Company offers a wide range of products and in addition to its direct sales and brokerage agreements with many tied agents and independent financial advisors. [33] She also owns Cala Homes. [34] Legal & General supports institutional pension plans, has a large investment arm (Legal & General Investment Management) and holds significant investments in socially responsible companies ranging from green energy to science parks to affordable housing.

[35] At LGA, everyone is encouraged to apply regardless of race, colour, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or veteran status. The firm sold Legal & General Bank and Legal & General Mortgage Services to Northern Rock[17] in 2003 and sold its stake in Gresham Insurance, its joint venture with Barclays Bank, to Barclays in 2005. [18] Diversity, equity and inclusion are important elements of our identity. We strive to create an environment where everyone has a place to grow and give their all to work every day. At Legal & General, your story will be anything but familiar. Today, we are builders, insurers, investors, owners and city generators. Morning? Who knows. Following the trend in the UK when financial institutions entered the real estate brokerage business, Legal & General bought Whitegates Estate Agency from Provident Financial Group plc for £19 million in December 1989.[8] [9] In 2008, Legal & General bought Suffolk Life, a provider of self-invested pension products,[19] sold Suffolk Life in 2016 and also outsourced its IT development activities to TCS (Tata Consultancy Services). [20] The company formed a joint venture with two Indian public sector banks, Bank of Baroda and Andhra Bank, to establish IndiaFirst Life Insurance Company in India in 2009[21] and outsourced certain IT activities to IBM in October 2010. [22] In 2013, the company bought Lucida Life, a pension buyout company, for £151 million.

[23]. Workplace culture is important. We use an ongoing feedback loop to help our employees find a healthy work-life balance at LGA. The professional and authentic people who work there. 81% of Legal & General America employees say it`s a great place to work, compared to 57% of employees at a typical U.S. company. We are proud to have been certified Great Place to Work by Great Place to Work`s independent analysts for six years. Here are some of the ways we support our team members: The company became a wholly owned division of Legal & General Group plc in the 1970s. [7] Legal & General Group, founded Legal & General America as a holding company in 1981 and purchased Government Employees Life Insurance Company (GELICO) and its subsidiary in New York. The GELICO name was changed to Banner in 1983. William Penn was purchased by Legal & General Group Plc in 1989 as a wholly owned subsidiary of Banner Life Insurance Company. She bought the Dutch branch of Different Assurance Group and also founded a company in France in the 1980s.

[7] Here you are part of a team based on trust, creativity, collaboration and initiative. We value every member of our community and offer great benefits, opportunities for personal growth and the chance to make a difference. Dr. Nigel Wilson (former CFO) became Group Chief Executive Officer on 30 June 2012. He succeeded Tim Breedon, who had been CEO since 1 January 2006 and received an annual salary of £770,000.[39] [40] Our Workplace Inclusion Champions Committee, comprised of various contributors from our organization, provides guidance and support to our leaders and all employees on this important commitment. Here, your actions and ideas come to life in an exciting and meaningful way. Unrealistic goals, micromanaging your day down to the second, busy days with little relief, high staff turnover. We are a nationally recognized leader in the life insurance industry because of our incredible staff. Together, we succeed. In the 1970s and early 1980s, Ron Peet (1925-2020), a socially responsible actuary, was CEO of Legal & General, having led the Australian operations. [36] Peet helped campaign for thalidomide`s children, Legal & General then owned a large block of shares (3.5 million) in the Scottish beverage and pharmaceutical company Distillers.

[37] [38] The former Legal & General logo includes the image of the Temple Bar (which is still used in the logo of the company`s Social and Sports Committee) and the date of incorporation. The umbrella logo used today was introduced by former Chief Press Secretary Gordon Macdonald in June 1984. Between 1991 and 1994, Legal and General sponsored regional weather forecasting for the ITV network and in 1999, Legal & General announced plans that never materialized to merge its operations with National Westminster Bank to form the UK`s first bancassurance company. [16] Legal and General Customer Service Representative, July 2022 At L&G, we work flexibly with our offices, giving you the perfect place to meet, connect and collaborate with your colleagues. In 2014, the company established Legal & General Reinsurance, a Bermuda-based reinsurance company. Legal & General Re completed its first external transaction on the Dutch market in December 2015 in cooperation with ASR. [27] In May 2016, Legal & General Assurance in the UK bought Aegon`s UK bond portfolio for £3 billion. [28] We are already building our future talent programs this morning.

Discover your place in a story that is far from familiar. Our story is one of evolution, a journey that we can continue together. We have a culture of trust and cooperation where we truly care about society and each other. Here you can sign up for job alerts that match your skills or log into your account. “Focused on customer experience and employee culture. Very committed to the local community and always striving to do the right thing in the right way. Great compensation program and a really awesome team, location and facilities! Whether it`s caring for children or a loved one, a good job should support your tasks outside of work. In 2014, there was a “shocking” announcement that Legal & General was leaving Legal & General as one of the approximately 300 member firms of the Association of British Insurers (ABI), ABI “having decided to transfer its investment activities to the Investment Management Association”. [24] In the same year, the group sold its Xperience estate agency business, which included 89 offices and 75 franchisees and operated under the names CJ Hole, Ellis and Co, Parkers and Whitegates,[25] to Martin & Co. for £6 million. [26] Legal & General is a financial services provider. They offer life insurance, annuities, retirement savings and other investment services.

In 2019, following earlier speculation,[29][30] the company agreed to sell its General Insurance Legal & General Insurance division to Allianz Insurance, while acquiring the remaining 51% stake in Liverpool Victoria General Insurance (LV=), of which it already held 49%. [3] The acquisition became effective on January 1, 2020, when the holding company was renamed Legal & General Insurance to Fairmead Insurance. [31] The existing policies will be merged into the insurance subsidiary Allianz LV= as part of an expanded business. Legal & General`s Birmingham office became an LV= location. In the 1940s, Legal & General`s headquarters were moved from Temple Bar House in the City of London to a converted former girls` school in leafy Kingswood, Surrey, except for a few management functions that remained in London.[32] The girls` school (St. Monica`s), which served as the basis for the site, was frequented by writer Vera Brittain, mother of politician Shirley Williams. [10] The Kingswood site, which included sports fields, a park, a large and luxurious swimming pool, a canteen and a mock English pub, was expanded in the 1950s and again in the 1980s. [11] In 2015, it was announced that the headquarters would close “possibly before 2025.” [12] [13] Indeed, after a period of uncertainty for Kingswood employees,[14] it was announced that the site would close much earlier, in 2018. [15] The employee experience at Legal & General America compared to a typical company.