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The Co-operative Insurance, formerly Co-operative Insurance Society, is a general insurance company based in Manchester in the United Kingdom. It is part of The Co-operative Group family of businesses which includes food, travel, electricals, funeralcare and legal services. For most of its history, it was also a life insurer and fund manager, sharing surpluses with holders of its with-profits life policies as well as with individual members of The Co-operative Group in proportion to their general insurance patronage. In 2013, Royal London Group agreed to buy the life business for an estimated £219 million.〔(Co-op agrees £219m sale of its insurance arm to Royal London ) Manchester Evening News, 19 March 2013〕 ==History== The Co-operative Insurance Company Limited was formed in 1867 to provide fire and fidelity guarantee insurance to co-operative societies. In 1886, at an Annual General Meeting it was resolved "...that Life Assurance be undertaken by the Company, and that the shareholders forfeit any rights they may have to the profits of the Life Department and agree that they shall belong exclusively to the Policyholders."〔(The Co-operative Insurance ) The Co-operative Banking Group (retrieved 24 August 2013)〕 In 1899, industrial life business was also introduced and the company was converted into an industrial and provident society, changing its name to Co-operative Insurance Society Limited (CIS).〔Registered under the Industrial and Provident Societies Act 1965, No. 3615R. Authorised and regulated by the Financial Services Authority, entered in the Register under No. 150965〕 Other classes of business were provided for the general public and not just for co-operative societies and their members. The shares of the Society were taken over by the Co-operative Wholesale Society and the Scottish Co-operative Wholesale Society in 1913. In 1973, the Scottish Co-operative Wholesale Society merged with CWS. CWS became The Co-operative Group on merger with Co-operative Retail Services in 2000. In 2002, Co-operative Financial Services was created as a holding company for both CIS and The Co-operative Bank including Smile, the first full internet bank and, in 2008, ''The Co-operative Insurance'' and ''The Co-operative Investments'' trading names were introduced. In 2011, Co-operative Financial Services became the Co-operative Banking Group. In 2006, CIS split its life and general insurance businesses into two separate entities, establishing CIS General Insurance Limited〔Registered under the Industrial and Provident Societies Act 1965, No. 29999R. Entered in the Financial Services Register, Firm No. 435022〕 within which all new and renewing insurance business was written. All existing CIS general insurance business was reinsured with CISGIL and CIS continued to write long-term savings and insurance business only. CFS Management Services Limited was created at the same time to provide common support services to both CIS and CISGIL. In 2011, after 125 years, The Co-operative Insurance announced that it would cease providing life assurance products. The Society's head office on Miller Street in Manchester city centre was, at the time of completion in 1962, the tallest building in Europe, standing at 387 feet (118 m). Since the opening of the Beetham Tower in 2006, it is now the second tallest building in Manchester. In 2006, the CIS Tower was clad in solar panels, becoming Europe's largest vertical solar array. The Co-operative Insurance has a tradition of football sponsorship. It has previously sponsored the Scottish League Cup in Scotland and the Irish League Cup in Northern Ireland. 抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)』 ■ウィキペディアで「The Co-operative Insurance」の詳細全文を読む スポンサード リンク
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