the currently active investment firm . for the former company acquired by pearl group in 2008 see resolution plc. friends life group type public company traded as lse flg industry investments fate acquired by aviva founded 2008 founder clive cowdery headquarters saint peter port guernsey key people sir malcolm wilkinson chairman andy briggs ceo services corporate buyouts and restructuring revenue 11 048 million 2014 1 operating income 64 million 2014 1 profit 138 million 2014 1 website www.friendslifegroup.com friends life group limited was a guernsey incorporated investment vehicle which has the stated intent of forcing consolidation in the british life insurance industry . it was listed on the london stock exchange and was a constituent of the ftse 100 index . it was acquired by aviva on 13 april 2015 . contents 1 history 2 operations 3 references 4 external links history edit the firm was founded as resolution limited by entrepreneur clive cowdery in 2008 after agreeing a deal to retain the naming rights to resolution plc the zombie fund investor he founded which was sold to pearl group that year . 2 the company was established with the intention of completing the leveraged buyout and merger of at least three uk life insurance operators by 2012 and spinning out the enlarged company on the stock market . 3 the first of these friends provident was acquired in november 2009 for 1.86 billion . 3 upon completion of the deal resolution which obtained a listing on the london stock exchange in december 2008 4 took the place of friends provident in the ftse 100 index . 5 resolution purchased axa sun life holdings ltd from axa sa in autumn 2010 . 6 7 in october 2010 it bought bupa health assurance . 8 in 2011 resolution merged the uk operations of friends provident with the uk life assurance businesses acquired from axa and bupa under the name friends life . 9 resolution changed its name to friends life group in may 2014 . 10 in december 2014 british insurer aviva agreed terms for a 5.6 billion pounds all share takeover of friends life . andy briggs current group chief executive of friends life will become ceo of aviva uk life with mark wilson continuing as ceo of the enlarged aviva group . 11 the takeover was completed on 13 april 2015 . 12 operations edit friends life operated from seven countries around the world including united kingdom germany luxembourg dubai singapore hong kong and the isle of man . friends life was the 5th largest life and pensions company ranked by uk market capitalisation . 13 friends life were the title sponsors of the friends life t20 cricket league organised by the england and wales cricket board from 2010 to 2013 as friends provident t20 . 14 senior management were employed by the london headquartered limited liability partnership through which the company is effectively run . 15 references edit a b c preliminary results 2014 pdf . friends life group . retrieved 15 march 2015 . ferreira marques clara 1 may 2008 . resolution s cowdery eyes restructuring venture . reuters . retrieved 8 november 2009 . a b neligan myles ; howley victoria 6 november 2009 . resolution may go private for next deal . reuters . retrieved 8 november 2009 . annual report 2008 . resolution limited . retrieved 8 november 2009 . fletcher nick 4 november 2009 . cadbury melts on kraft bid fears but ftse flies higher . the guardian . uk . retrieved 8 november 2009 . phillips liz ; morris sylvia 30 june 2010 . three million axa savers sold to zombie fund guru . daily mail . london . change of control fsa 3 september 2010 resolution buys bupa health assurance the telegraph 15 october 2010 resolution puts nal touches to its friends life joint brand . ft. 17 march 2011 . retrieved 3 october 2014 . resolution limited change of name . london stock exchange . retrieved 3 october 2014 . aviva agrees terms of 5.6 billion pounds friends takeover . reuters . 2 december 2014 . retrieved 2 december 2014 . aviva and friends life rise in first day as a merged company . the telegraph . 13 april 2015 . retrieved 15 april 2015 . uk life industry awaits resolution . ft.com . retrieved 3 october 2014 . friends life to end t20 sponsorship . ecb . retrieved 3 october 2014 . flanagan martin 21 july 2009 . friends in attack on flawed resolution buyout bid . the scotsman . uk . retrieved 8 november 2009 . external links edit official website retrieved from https en.wikipedia.org w index.php title friends life group & oldid 689314019 categories investment companies of the united kingdomcompanies established in 2008companies listed on the london stock exchangehidden categories use dmy dates from april 2011 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages fran ais edit links this page was last modified on 6 november 2015 at 08 49 . text is available under the creative commons attribution sharealike license ; 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