Abbey life insurance company

Abbey Life insurance company was a leading life assurance business based in London also with an office in Bournemouth. It was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index.

Abbey life insurance company history

The Abbey life insurance company was founded by Mark Weinberg in 1961 as the Abbey Life Assurance Company. ITT Corporation bought a half interest in the Company in 1964 and in 1970 bought the rest.  It was first listed on the London Stock Exchange in 1986. In 1988, the then Lloyds Bank acquired a majority stake in the business which became known as Lloyds Abbey Life. The Company became wholly owned by Lloyds TSB in 1996 and absorbed Hill Samuel Life Assurance Company in 1998. It lost its sales force in 2000 when it closed to new business.

In 2007, Lloyds Banking Group sold the Company to Deutsche Bank

AAbbey life insurance company has been closed to new retail business since February 2000, although it continue to accept increments and increases on existing policies, and new members to some existing occupational pension schemes. We also issue annuities in respect of holders of our pension policies at their retirement dates.

In addition to it own directly written business, the in-force business of Abbey Life includes portfolios of business transferred from the following former life companies:

London and Edinburgh Life (which merged with Excess Life in 1978)
Excess Life (renamed Ambassador Life, which merged with Abbey Life in 1998)
Target Life (which merged with Hill Samuel Life in 1995)
Hill Samuel Life (which merged with Abbey Life in 1998)

Abbey life insurance company wrote most of its business through its own direct salesforce and appointed representatives, but also accepted business via independent advisers. Ambassador Life’s portfolio was generated via direct marketing. Target Life and Hill Samuel Life wrote business through their own direct salesforces and via independent advisers.

The business of Abbey Life is mainly composed of unit-linked Life and Pension policies, and annuities in payment. There are also two small with-profits funds, one in relation to some Abbey Life policies, and one in relation to some Hill Samuel Life policies.

Abbey life insurance contact company 

Abbey Life Contact Details

Abbey Life Assurance Company Limited 

100 Holdenhurst Road

Bournemouth

Dorset

BH8 8AL 

Normal Opening Times

Client Line: 0845 600 5405

Overseas and Mobile Phone Callers: 01202 292373

Opening times: 9:00am to 5:00pm UK time

Monday to Friday excluding UK public holidays

Textphone: 0845 600 0355

(for deaf or hearing impaired callers only) 

website at here : Abbey life insurance company