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Every oyster has its pearl, and the UK life insurance market has Pearl Group. The companies in the group -- Pearl Assurance, London Life, and NPI -- don't sell insurance themselves, but instead buy up blocks of life insurance policies and pension products from other insurers (called closed life funds). It has more than 3.5 million policies in force and has an in-house asset and risk management unit, Axial Investment Management, that invests and oversees the funds. Sun Capital Partners and TDR Capital own the majority of Pearl Group. However, in 2009 the company agreed to be acquired by Virgin Islands-based investment firm Liberty Acquisition Holdings in a $3.6 billion deal.
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Address: |
The Pearl Centre, Lynch Wood
Peterborough PE2 6FY, England
| | Phone: | +44-870-897-0060 | | Fax: | |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2008): | 532.10 M | | Employees (2008): | 102 |
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Key People
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Chairman:
Ron A. Sandler
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CEO:
Jonathan Moss
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COO:
Tony Kassimiotis
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