Abbey Life Assurance Company Limited is a life assurance business based in London also with an office in Bournemouth. The company has been closed to new business since 2000. Abbey Life was formerly a public company listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index.[1]
History
The company was founded by Mark Weinberg in 1961 as the Abbey Life Assurance Company.[2] ITT Corporation bought a half interest in the Company in 1964 and in 1970 bought the rest.[2] It was first listed on the London Stock Exchange in 1986.[2]