Utmost Group (formerly LCCG) is founded by Ian Maidens and Paul Thompson.
Through the year, Utmost Group purchases the closed Irish insurance business IBRC Assurance Company Limited and Scottish Mutual International Limited.
Utmost Group purchases Aviva Life International from Aviva. The business has £1.2bn of assets under administration.
Utmost Group purchases AXA Isle of Man from AXA, which is one of the largest UK providers of offshore bonds across the Isle of Man and Ireland. This is a significant deal for Utmost Group with the business having around £9bn of assets under administration.
AXA Isle of Man is rebranded Utmost Wealth Solutions.
Utmost Group purchases Augura Life Ireland and Altraplan Bermuda.
Utmost Group purchases Union Heritage Life Assurance.
Utmost Group acquires the investment bond business of AXA Life Europe.
Utmost Group completes the acquisition of Reliance Mutual which demutualises, and its business is transferred to a new life assurance company called Reliance Life.
Utmost Group acquires Generali PanEurope and continues with its intention to create a market-leading, specialist wealth manager with a global footprint.
Utmost Group creates the Utmost Corporate Solutions brand.
Utmost Group enters an agreement with Equitable Life to transfer the business to Reliance Life. Subject to voting and approvals, the transaction is expected to close towards the end of 2019.
Utmost Group acquires Athora Ireland’s (formerly Aegon Ireland) International investment bond business from Athora.
Utmost Group acquires Generali Worldwide Insurance Company Limited and continues the expansion of the Utmost Wealth Solutions and Utmost Corporate Solutions business, which are now under the Utmost International division.
Utmost Group undergoes a group-wide rebrand to “Utmost”.
Reliance Life is rebranded as Utmost Life and Pensions.
January 2020 – Completion of Equitable Life business transfer.
Utmost Group of Companies is reorganised to bring the UK and International businesses into one insurance Group. Utmost Group is subject to group regulation by the PRA.