RL360°
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 RL360° Life Assurance Company | |
| Company type | Privately held |
|---|---|
| Industry | Financial Services |
| Headquarters | , |
Area served | Worldwide |
Key people | CEO: David Kneeshaw |
| Products | Offshore Savings & Investment Products[1] |
| Website | www.rl360.com |
RL360° Insurance Company Limited (RL360°) provides offshore savings, protection and investment products to expats and local nationals around the world. It has a B+ rating from actuarial consultancy AKG [2], as well as 4 stars for service. RL360° is headquartered in the Isle of Man and serves clients in Asia, Africa, the Middle East, Emerging Europe, the UK and Latin America. It is part of the RL360° Group, which has 60,000 policyholders, in excess of £7 billion in assets under management and 300 staff.[3] Most RL360° staff are based at the company’s headquarters in the Isle of Man but others are based in Hong Kong, Beirut, Dubai, Johannesburg, Luxembourg, Panama, the UK and Malaysia.
Core Services
- Regular premium savings products: Quantum, Paragon.
- Personalised portfolio bonds product: PIMS.
- Regular premium life insurance products: LifePlan, Protected Lifestyle Lebanon (PLL).
- Single premium bond product: Oracle.
- Wraps – RL360° provides the offshore bond for 7 UK wrap platforms.
Executive Team
- David Kneeshaw – Chief Executive[4]
- Mike Crellin – Finance & Commercial Director
- Simon Pack – International Sales Director
- Simon Barwell – Director of Marketing
- Denzil Williams – Infrastructure Director
- Colin Shopland – Director of Legal & Compliance
- Alistair Brogden – Appointed Actuary
History
RL360° in its present form came into being in November 2013 but its origins can be traced back to 1991.[5]
Scottish Provident International Life Assurance Limited (SPILA)
- SPILA was incorporated in the Isle of Man on 19 February 1991 as Hafnia Prolific International Life Assurance Limited.[6]
- Hafnia Prolific International Life Assurance Limited was acquired by Scottish Provident Institution and changed its name to Prolific International Life Assurance Limited in March 1993.[7]
- In June 1993 Prolific International Life Assurance Limited changed its name to Scottish Provident International Life Assurance Limited (SPILA).
- In November 1998 SPILA opened a local branch office in Hong Kong to support local intermediaries and their clients. The company also obtained a license in Dubai and established Marketing Services Companies in South Africa and Cyprus.
- In 2001 SPILA’s parent company Scottish Provident Institution demutualised and the business was transferred to the Abbey National Group.
- In December 2003 Abbey strategically focussed on the UK and closed international new business in insurance and banking, concentrating solely on new business in the UK.
- Banco Santander acquired Abbey in November 2004.[8]
- On 1 September 2006, Santander sold all of its life business to Resolution plc.
- In November 2006, SPILA received a license to reopen to new business in Hong Kong.
- SPILA was acquired by the Royal London Group in January 2009.[9]
Scottish Life International
- Scottish Life established Scottish Life International Insurance Company (SLIIC) in the Isle of Man in 1996. [10]
- Royal London Mutual Insurance Company Limited purchased the Scottish Life group of companies in 2001.[11]
- In December 2008 SLIIC was renamed Royal London 360 Insurance Company Limited.[12]
Royal London 360°
- In June 2008 Royal London announced its intention to operate its two offshore life companies under a single brand and Royal London 360 was launched in January 2009.[13]
RL360°
- In October 2013, the Royal London 360° executive team formed the RL360° Group which in November 2013, backed by private equity firm Vitruvian Partners[14], bought the company from Royal London and renamed it RL360°. [15]
Other Companies in the RL360° Group
Clerical Medical Insurance Company Ltd (CMI)
- CMI was one of the first international life assurance operations to be established by a UK company in 1987.
- Following a number of ownership changes, it became a closed book of business in March 2012.[16]
- On 1 December 2015 RL360° acquired CMI, with its c.16,000 policies and more than £4bn assets under management.[17][18]
- On 5 April 2016 CMI was re-named RL360 Life Insurance Company Limited and re-branded to RL360° Services.[19]
Ardan International
- On 15 November 2016 the RL360° Group announced it was acquiring international platform business Ardan International, subject to approval from the Isle of Man Financial Services Authority, and the deal completed on 30 December 2016.[20]
- Following the acquisition, Ardan International continues to operate under the Ardan brand, independently of RL360 Life Insurance Company.
Office Locations
RL360° Headquarters in Isle of Man.
Column-generating template families
The templates listed here are not interchangeable. For example, using {{col-float}} with {{col-end}} instead of {{col-float-end}} would leave a <div>...</div> open, potentially harming any subsequent formatting.
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| Columns | "div col" | Yes | Yes | {{div col}} | – | {{div col end}} |
| "columns-list" | No | Yes | {{columns-list}} (wraps div col) | – | – | |
| Flexbox | "flex columns" | No | Yes | {{flex columns}} | – | – |
| Table | "col" | Yes | No | {{col-begin}}, {{col-begin-fixed}} or {{col-begin-small}} |
{{col-break}} or {{col-2}} .. {{col-5}} |
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† Can template handle the basic wiki markup {| | || |- |} used to create tables? If not, special templates that produce these elements (such as {{(!}}, {{!}}, {{!!}}, {{!-}}, {{!)}})—or HTML tags (<table>...</table>, <tr>...</tr>, etc.)—need to be used instead.
Sponsorships
2016 TT Superstock Race sponsored by RL360° Quantum
Olympic shooter and Double Trap World Record holder Tim Kneale sponsored by RL360° Quantum.[21]
- RL360° Quantum Superstock TT Race (Isle of Man TT Races)
- Isle of Man Youth Cycling League
- Olympic shooter Tim Kneale [22]
- Viking Longboat Championships
- Isle of Man Mixed Football League
- RL360° Young Farmers Netball team
- Manx Youth Sailing Scheme [23]
References
- ^ "About RL360°", RL360°. Retrieved 26 January 2017.
- ^ "RL360° retains its B+ AKG rating", RL360°. Retrieved 5 February 2016.
- ^ "RL360° Group Website", RL360° Group. Retrieved 2 March 2017.
- ^ "Company Overview of RL360 Insurance Company Limited", Bloomberg. Retrieved 2 February 2017.
- ^ "RL360 Insurance Company Limited company information", OpenCorporates.com. Retrieved 2 February 2017.
- ^ "Hafnia Offers Fund Portfolio Via an Insurance Package", The New York Times, 21 September 1991. Retrieved 2 February 2017.
- ^ "Scottish Provident to buy Prolific", Independant. Retrieved 2 February 2017.
- ^ "Santander scraps UK bank brands", BBC UK, 27 May 2009. Retrieved 3 February 2017.
- ^ "Royal London to buy £1.2bn Scottish Life", The Telegraph, 1 October 2000. Retrieved 2 February 2017.
- ^ "Scottish Life International", Risk.net, 1 October 2005. Retrieved 2 February 2017.
- ^ "Company Overview of Scottish Provident International Life Assurance Limited", Bloomberg. Retrieved 2 February 2017.
- ^ "Royal London wins bid battle for Scottish Life", Independent, 2 October 2000. Retrieved 2 February 2017.
- ^ "Royal London sells offshore wealth unit 360°", The Telegraph, 15 November 2013. Retrieved 2 February 2017.
- ^ "Just Eat backer closes in on Lloyds tax planning business". FT Adviser. 3 December 2015.
- ^ "Royal London Our History", Royal London. Retrieved 2 February 2017.
- ^ "Scottish Widows sells offshore business to RL360", Money Marketing UK, 7 May 2015. Retrieved 3 February 2017.
- ^ "RL360 wraps up CMI acquisition", FT Adviser, 3 December 2015. Retrieved 2 February 2017.
- ^ "Just Eat backer closes in on Lloyds tax planning business". FT Adviser. 3 December 2015.
- ^ "RL360° rebrands CMI after acquisition", International Adviser, 5 April 2016. Retrieved 2 February 2017.
- ^ "Ardan International To Be Acquired By RL360, Ardan International, 15 November 2016. Retrieved 2 February 2017.
- ^ "RL360° Quantum Backs Elite Athlete in 2016 Rio Olympics, wn.com, 7 March 2016. Retrieved 3 February 2017.
- ^ "Offshore investment company sponsors Olympian Tim Kneale, Huw Hopkins, 3 March 2016. Retrieved 3 February 2017.
- ^ "RL360 Sponsorships, RL360. Retrieved 3 February 2017.
External Links
| This article, RL360°, has recently been created via the Articles for creation process. Please check to see if the reviewer has accidentally left this template after accepting the draft and take appropriate action as necessary.
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