Frizzell Insurance was set up as a Uk family business in 1923 and has served the members of associations, Civil Service, Local Government and unions throughout its existence. In 1992, the Frizzel family sold the entire Frizell Financial Services group to Marsh McLennan, the US insurance broker and investment manager for about £107 million.
The Bournemouth-based financial services company Frizzells was acquired by the Liverpool Victoria Friendly Society LV= group of companies in 1996 for about £188 million.The LV= group of companies is headed up by Liverpool Victoria Friendly Society Limited. Founded in 1843, it is now the UK's largest friendly society (Association of Friendly Societies Key Statistics - 2007 Total Net Assets). The Society does not have any shareholders and, as a mutual organisation, exists wholly for the benefit of its members.
At present, the Liverpool Victoria Life Assurance group of companies manages reportedly more than £8 billion on behalf of its members and customers.
In 2019 Frizzell Uk Insurance via Liverpool Victoria continues to offer a broad range of products and services including; decreasing (mortgage protection) or level term assurance, Life with Critical Illness, Children's Critical Illness, Income Protection and Un-Employment cover.
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