PEARL LIFE ASSURANCE GROUP Based in Peterborough, Pearl Assurance was founded in 1857. Over the next 100 years, the Pearl Insurance evolved to become a popular provider of Uk life insurance and financial services provision with their direct sales agents. In 1990, they were taken over by Australian financial giant AMP, then reportedly the largest takeover of a British financial institution by an overseas organisation. In 2003, Amp Pearl, Amp NPI and Amp London Life were de-merged from AMP to become part of a new UK company called HHG. In 2004, the HHG board accepted an offer for Pearl, NPI and London Life. In 2005, the 3 companies became part of the newly formed Pearl Group Limited. Pearl's primary focus is to no longer seek new business but look after assets in its closed life funds on behalf of its 2 million policyholders. In 2008 Pearl Group Ltd acquired Resolution which includes administration of plans from Scottish Provident, Scottish Mutual, Phoenix, Royal Sun Alliance, Swiss Life, Britannic Assurance, Cornhill & Alba Life formally Britannia life . Pearl Group are owned by Sun Capital & TDR. At the end of 2008, Royal London acquired a range of businesses from Pearl that includes Scottish Provident. In 2009, the proposed merger of Friend Provident Uk & Resolution was agreed subject to regulatory agreement. Once the PearlInsurance was a major force in the mortgage protection market place via their sales force but then slowly disappeared from selling protection as they as the mortgage market slowly moved from endowment to repayment style mortgages. The old Pearl Insurance Life UK products included personal & business protection cover, mortgage protection & term assurance.    Looking in 2010 to compare old Pearl Life Assurance products against other Uk Insurers > Need a Competitive Life or Critical Illness Insurance Quote ? Article on: Pearl Life Insurance ~ for more information visit www.pearl.co.uk * ( * Note: You are now leaving the regulated site of Uk Life Insurance Quotes. Neither ourselves, nor Sesame Ltd, is responsible for the accuracy of the information contained within the linked site.)