Partnership Assurance Group plc is a provider of non-standard annuities for individuals with medical or lifestyle conditions. In April 2016 it became part of the JRP Group.
History
The company was established as a management buyout of the Pension Annuity Friendly Society with funding from Phoenix Equity Partners in September 2005.[2] Cinven acquired the company in August 2008 and it was the subject of an initial public offering in June 2013.[3] In December 2014, Partnership completed the UK's largest medically underwritten bulk annuity transaction – a £206 million ‘top-slicing’ deal with Taylor Wimpey.[4]
In April 2016 the company merged with Just Retirement to form JRP Group.[5]
Operations
The company is a provider of annuities for people with medical conditions.[3]
External links
References
- Results for year ended 31 December 2014 Partnership Assurance, retrieved 29 June 2015^
- Ill health looks good to Cinven Financial Times, 9 June 2008^
- Cinven eyes £1bn float for Partnership Assurance The Telegraph, 13 May 2013, retrieved 13 September 2013^
- Taylor Wimpey Annual Report and Accounts 2014 Taylor Wimpey, 29 June 2015, retrieved 20 March 2015^
- Just Retirement/Partnership merger complete; JRP Group formed 4 April 2016, retrieved 16 April 2016^