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Britannic Assurance

Britannic Group is to merge with Resolution Life Group, creating a combined closed life fund business valued at about £1.8bn.

Britannic Group is to acquire Century Group for £44m, in order to expand its Britannic Unit Linked Assurance division.

Britannic is to acquire the closed life assurance fund of Alliance Cornhill Insurance for £110m.

Britannic is to sell its Britannic Money lending division to Solihull-based Paragon Mortgages for £19m.

Britannic is to expand its insurance distribution network through two new deals with Irish Life & Permanent and Isle of Man-based Hansard Group.

Britannic Assurance is to acquire Blairlogie Capital Management of Edinburgh for undisclosed terms, in order to expand its Britannic Asset Management subsidiary.

Britannic is investing £25m in the launch of Evergreen Retirement Assurance, in order to offer financial services to pensioners.

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.