User:Karin Jam/sandbox

RL360° Insurance Company Limited (RL360°) provides offshore savings, protection and investment products to expats and local nationals around the world. It has a B+ rating from actuarial consultancy AKG, as well as 4 stars for service. RL360° is headquartered in the Isle of Man and serves clients in Asia, Africa, the Middle East, Emerging Europe, the UK and Latin America. It is part of the RL360° Group, which has 60,000 policyholders, in excess of £7 billion in assets under management and 300 staff. Most RL360° staff are based at the company’s headquarters in the Isle of Man but others are based in Hong Kong, Beirut, Dubai, Johannesburg, Luxembourg, Panama, the UK and Malaysia.

Core Services/Business Segments

 * Regular premium savings products: Quantum, Paragon.
 * Personalised portfolio bonds product: PIMS.
 * Regular premium life insurance products: LifePlan, Protected Lifestyle Lebanon (PLL).
 * Single premium bond product: Oracle.
 * Wraps – RL360° provides the offshore bond for 7 UK wrap platforms.

Executive Team

 * David Kneeshaw – Chief Executive
 * Mike Crellin – Finance & Commercial Director
 * Simon Pack – International Sales Director
 * Simon Barwell – Director of Marketing
 * Denzil Williams – Infrastructure Director
 * Colin Shopland – Director of Legal & Compliance
 * Alistair Brogden – Appointed Actuary

History
RL360° in its present form came into being in November 2013 but its origins can be traced back to 1991.

Scottish Provident International Life Assurance Limited (SPILA)
 * SPILA was incorporated in the Isle of Man on 19 February 1991 as Hafnia Prolific International Life Assurance Limited.
 * Hafnia Prolific International Life Assurance Limited was acquired by Scottish Provident Institution and changed its name to Prolific International Life Assurance Limited in March 1993.
 * In June 1993 Prolific International Life Assurance Limited changed its name to Scottish Provident International Life Assurance Limited (SPILA).
 * In November 1998 SPILA opened a local branch office in Hong Kong to support local intermediaries and their clients. The company also obtained a license in Dubai and established Marketing Services Companies in South Africa and Cyprus.
 * In 2001 SPILA’s parent company Scottish Provident Institution demutualised and the business was transferred to the Abbey National Group.
 * In December 2003 Abbey strategically focussed on the UK and closed international new business in insurance and banking, concentrating solely on new business in the UK.
 * Banco Santander acquired Abbey in November 2004.
 * On 1 September 2006, Santander sold all of its life business to Resolution plc.
 * In November 2006, SPILA received a license to reopen to new business in Hong Kong.
 * SPILA was acquired by the Royal London Group in January 2009.

Scottish Life International
 * Scottish Life established Scottish Life International Insurance Company (SLIIC) in the Isle of Man in 1996.
 * Royal London Mutual Insurance Company Limited purchased the Scottish Life group of companies in 2001.
 * In December 2008 SLIIC was renamed Royal London 360 Insurance Company Limited.

Royal London 360°
 * In June 2008 Royal London announced its intention to operate its two offshore life companies under a single brand and Royal London 360 was launched in January 2009.

RL360°
 * In October 2013, the Royal London 360° executive team formed the RL360° Group which in November 2013, backed by private equity firm Vitruvian Partners, bought the company from Royal London and renamed it RL360°.

Other Companies in the RL360° Group
Clerical Medical Insurance Company Ltd (CMI)
 * CMI was one of the first international life assurance operations to be established by a UK company in 1987.
 * Following a number of ownership changes, it became a closed book of business in March 2012.
 * On 1 December 2015 RL360° acquired CMI, with its c.16,000 policies and more than £4bn assets under management.
 * On 5 April 2016 CMI was re-named RL360 Life Insurance Company Limited and re-branded to RL360° Services.

Ardan International
 * On 15 November 2016 the RL360° Group announced it was acquiring international platform business Ardan International, subject to approval from the Isle of Man Financial Services Authority, and the deal completed on 30 December 2016.
 * Following the acquisition, Ardan International continues to operate under the Ardan brand, independently of RL360 Life Insurance Company.

Sponsorships

 * RL360° Quantum Superstock TT Race (Isle of Man TT Races)
 * Isle of Man Youth Cycling League
 * Olympic shooter Tim Kneale
 * Viking Longboat Championships
 * Isle of Man Mixed Football League
 * RL360° Young Farmers Netball team
 * Manx Youth Sailing Scheme