 | |
| Company type | Subsidiary undertaking |
|---|---|
| Industry | Insurance services |
| Founded | 29 August 1867 |
| Headquarters | , United Kingdom |
Key people | Mark Summerfield CEO[1] |
| Products | General insurance |
| Revenue | £4.4 billion[2] |
| Parent | The Co-operative Group |
| Website | www |
Co-op Insurance is the trading name of CIS General Insurance, a general insurance company, which is part of the Co-operative Group, based in Manchester, United Kingdom. Co-op Insurance Services, an insurance intermediary incorporated in 2017, is a wholly owned subsidiary of CIS General Insurance.[3]
For most of its history, Co-op Insurance 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 insurance business unit for an estimated £219 million.[4] As a result, Co-op Insurance currently offers business, home, motor, travel and pet insurance products.
- ^ "Mark Summerfield: Executive Profile & Biography - Bloomberg". bloomberg.com. 2017. Retrieved 27 October 2017.
- ^ "Co-op Insurance 2016 Annual Report and Accounts".
- ^ Registered as a Co-operative Society under the Co-operative and Community Benefit Societies Act 2014, No. RS004390. Entered in the Financial Services Register, Firm No. 779364
- ^ Co-op agrees £219m sale of its insurance arm to Royal London Manchester Evening News, 19 March 2013