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Britannic Group is to merge with Resolution Life Group, creating a combined closed life fund business valued at about £1.8bn. 10-Jun-2005 Britannic Group is to acquire Century Group for £44m, in order to expand its Britannic Unit Linked Assurance division. 11-Mar-2005 Britannic is to acquire the closed life assurance fund of Alliance Cornhill Insurance for £110m. 15-Dec-2004 Britannic is to close its Britannic Retirement Solutions enhanced annuity business, with the loss of most of the 210 jobs at the BRS headquarters in Redhill. 11-Nov-2003 Britannic is to sell its Britannic Money lending division to Solihull-based Paragon Mortgages for £19m. 01-Jul-2003 Britannic Assurance is to shed up to 150 of the 1,500 jobs at its Birmingham-based life insurance business. 05-Mar-2003 Britannic Assurance has acquired the outstanding 40% of Britannic Money from First Active for £56m. 04-Dec-2002 Britannic is to shed 200 direct sales jobs in its life assurance business, in order to focus on telephone selling and independent financial advisers. 04-Sep-2002 Britannic is seeking a merger partner to increase its share of the UK insurance market. 06-Mar-2002 Britannic is to transfer about 150 jobs from the recently-acquired Alba life and pensions business in Glasgow to its Wythall Green site near Birmingham, while a further 250 Glasgow-based jobs will be lost. 06-Dec-2001 Britannic is to expand its insurance distribution network through two new deals with Irish Life & Permanent and Isle of Man-based Hansard Group. 05-Sep-2001 Britannic Assurance is to acquire Blairlogie Capital Management of Edinburgh for undisclosed terms, in order to expand its Britannic Asset Management subsidiary. 30-Aug-2001 Britannic is to stop selling life assurance on a door-to-door basis with the loss of 1,600 sales jobs and 400 back office jobs, and has also announced the £97m acquisition of the remaining 25% of Britannic Asset Management. 08-Mar-2001 Britannic is to pay £57m for a 60% stake in First Active Financial, the UK mortgage division of First Active, as part of a strategy to transform itself into a modern financial services group. 31-Aug-2000 Britannic is investing £25m in the launch of Evergreen Retirement Assurance, in order to offer financial services to pensioners. 16-Jun-2000 Britannic Assurance is to restructure its nationwide network of 116 insurance branches with the loss of up to 350 jobs. 04-Feb-2000 Britannic Assurance is to adopt a holding company structure in order to assist acquisition plans, and has also announced that it will invest £70m on computer equipment to improve efficiency. 17-Sep-1998 Britannic Assurance is looking to expand its product range, including a deposit account run in conjunction with Bank of Scotland, unsecured loans, health insurance, and investment products. 25-Mar-1998 Britannic Assurance is to take on more staff to help sort out problems with pensions mis-selling in order to speed up the review of up to 13,000 cases. 19-Mar-1997 Britannic Assurance is planning to introduce serious-illness insurance products in October, following government moves to encourage people to provide for future problems. 18-Jul-1996 Britannic Assurance is to rationalise by cutting back its sales force, closing some branches, withdrawing from motor insurance and moving into health insurance. 21-Mar-1996 Britannic Assurance is withdrawing from the car insurance market, blaming price competition from telephone-based insurers. 30-Jan-1996
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