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Crusader Insurance

CRUSADER INSURANCE

 Crusader Insurance was based in Reigate, Surrey & its origins date back to the turn of the 20th century in life assurance & pensions. Crusader Insurance also started business in Nigeria in 1958 as a foreign office of Crusader Insurance Company Limited which then became a seperate company Crusader NIG. In 1983 CIGNA sets up by acquiring Crusader Insurance PLC & in 1989 relocates Crusader Insurance PLC from Reigate to Greenock in Scotland. In the 1990's CIGNA sold the business of Crusader Insurance to become part of Britannia Life Assurance and was known by the Britannia name. Britannia life closed to new business in 1998 and was acquired by Britannic Assurance in 1999 changing its name to Alba Life. Alba life - represents the amalgamation of the life assurance & pensions business of various different companies by Alba Life, mainly FS Assurance, Britannia life & Life Association of Scotland.  

In 2004 the Britannic Group announced a new strategy - to become the owner and administrator of closed life funds including Crusader Insurance. They acquired the Life Operations of Allianz Cornhill (Cornhill) in 2004 and the Century Life Group. In 2005, the Resolution Life Group Limited merged with Britannic Group plc to form Resolution plc.
In 2007, a funds merger programme transferred the funds of Britannic Assurance plc, Britannic Retirement Solutions Limited, Britannic Unit Linked Assurance Limited into Phoenix Life Limited. In 2007, Resolution acquired the Abbey for Intermediaries protection sales force which sold Scottish Provident branded protection products.

In 2008 Pearl Group Ltd acquired Resolution Phoenix Life Group which then included administration of plans from many old insurers including Crusader Insurance, Alba LifeScottish Provident, Century Life, Scottish MutualPhoenix, Crown Assurance, Royal Sun Alliance, Life Assurance of Scotland, Mutual Life Assurance, FS Assurance, Pioneer Life Assurance, London Life, NPI, Sentinel Life, Swiss Life, Colonial Life, Cornhill. In 2009, the proposed merger of Friend Provident Uk & Resolution was formally agreed.

Crusader Insurance Uk old products included Endowment plans, Life cover, mortgage protection, term assurance
 
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Article on:Crusader Life
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