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The Liverpool Victoria Friendly Society, also known as LV=, puts a friendly face on insurance. Its general insurance products -- the company's biggest … It’s aims To pay you money each month, to help replace some of your lost earnings if you become too unwell to work due to sickness or an accident. Along with traditional life insurance, it offers retirement and income protection products. Why not use Policy Detective to find the answers. However, go back in time just two years and it is clear that events had forced change on the company, which was founded in Liverpool in 1843 as a society selling so-called 'penny policies' enabling the poor to bury loved ones without the indignity of a pauper's funeral. Since LV= announced it was in talks with Bain, there has been a lot of head-scratching in the City about the sale and questions over why it is selling to a private equity company, rather than joining forces with its fellow mutual, Royal London. Liverpool Victoria, trading, since May 2007, as LV=, is one of the United Kingdom's largest insurance companies with over five million customers. Liverpool Victoria Friendly Society in South Croydon. [49], Bank of England Prudential Regulation Authority, Taylor Fashions v Liverpool Victoria Trustees, "LIVERPOOL VICTORIA FINANCIAL SERVICES LIMITED - Overview (free company information from Companies House)", LV= prices £350 million of subordinated debt, "LV top insurer for customer satisfaction", Highway Insurance agrees 150 million pound takeover, "Highway Insurance Group PLC: Offer by Liverpool Victoria Insurance Company Limited declared Wholly Unconditional, 9 October 2008", Britannia Rescue lands contract to supply to Leeds-based Asda, Nationwide expands insurance offering with LV, "Deals for Civil Servants & Public Sector employees", Standard & Poors analysis of Liverpool Victoria General Insurance Group 01 Nov 2011, Churchill team links up with Liverpool Victoria, Interview: John O'Roarke - Back in the fast lane, LV 2012 Report and Accounts, pages 11, 18-19, British Insurance Awards 2012 Winners and Finalists, "Allianz buys stake in LV= general insurance unit in deal worth up to £1bn", "Allianz seals two deals to become UK's second-largest general insurer", "FAIRMEAD INSURANCE LIMITED - Filing history (free information from Companies House)", "Liverpool Victoria fined record £900,000", "Equitable Life raises £150m with fire sale of Permanent", Teachers Aassurance proposes to transfer business to Liverpool Victoria, "LV= says mulling all options including sale of life and pensions business", "LV= and Bain Capital in Talks over potential deal", Threadneedle formally acquires LV= funds business, "Liverpool and Victoria Friendly Society", Sum of all changes for Liv Vic overhaul is LV=, With-profits industry in "terminal decline", "New LV chief vows to invest £100m in digital projects", Liverpool Victoria blows £2m to become LV=, Tournament Histories – The UK Championship, "LV= sponsors rugby's Anglo-Welsh Tournament", Catalogue of the Liverpool Victoria Workers' Union archives, Modern Records Centre, University of Warwick, https://en.wikipedia.org/w/index.php?title=Liverpool_Victoria&oldid=983074837, Financial services companies established in 1843, Insurance companies of the United Kingdom, 1843 establishments in the United Kingdom, Articles with dead external links from April 2019, Articles with permanently dead external links, Articles with dead external links from October 2013, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License, This page was last edited on 12 October 2020, at 02:44. [3][4] Allianz is now the sole shareholder of Liverpool Victoria General Insurance. As a friendly society, the organization is owned by its members, who can take advantage of its general (property/casualty) insurance and life insurance products. As Liverpool Victoria, it sponsored the UK Snooker Championship from 1997–2000. [7], At the start of 2015 LV= was ranked in a survey called the UK Institute of Customer Service Satisfaction Index (UKCSI) as the best insurance business in the UK for customer satisfaction and seventh best across all UK businesses, with only one other insurer in the Top 50. Liverpool Victoria Friendly Society Limited 6.50 Reset Subord Nts Call 23 is listed on the London Stock Exchange, trading with ticker code 51II. Liverpool Victoria Friendly Society - How is Liverpool Victoria Friendly Society abbreviated? More for LIVERPOOL VICTORIA INSURANCE COMPANY LIMITED (03232514) Registered office address 57 Ladymead, Guildford, Surrey, England, GU1 1DB . [2], Liverpool Victoria Friendly Society Limited was deregistered as a friendly society and registered as Liverpool Victoria Financial Services Ltd. on 2 January 2020 with the company focusing on life insurance, pensions and investments. Half-year results published in August 2019 revealed that the business had again slid into the red, reporting an operating loss from continuing operations of £27m, compared with profits of £27m in the same period a year earlier. [41], In recent years the society has promoted itself through sponsorship of sport. The latter will certainly not be able to use its mutual status, a key selling point in the past, to attract customers in the future. Looking for abbreviations of LVFS? 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