Our story begins over 180 years ago
In 1836, six respected lawyers met in a London coffee house where life insurance was the topic of discussion. They decided to form an association, eventually named Legal & General Life Assurance Society. Those founders had the same attitudes toward
innovation and risk taking as those which characterize the Legal & General Group (L&G) today. The financial skills of those six lawyers laid the foundation for L&G's worldwide business.
Our Group headquarters is in London, but
Legal & General is expanding its presence outside of the United Kingdom. The U.S. operations now include investment management; pensions risk management as well as providing life insurance. In the U.K., we're the leading provider of life insurance,
investment management for corporate pension plans and pensions buyout services. Our long history not only demonstrates our credibility, but shows our experience in every kind of economic climate. Legal & General Group currently has over 10 million
customers for life insurance, pensions, investments and general insurance plans and have over 3,000 institutional clients.
Legal & General America is born
L&G formed Legal & General America (LGA) as a holding company in 1981, and bought Government Employees Life Insurance Company (GELICO) and its NY affiliate. The GELICO name changed to Banner Life in 1983. William Penn was purchased by Legal & General Group Plc as a wholly-owned subsidiary of Banner
Life Insurance Company in 1989. While Banner Life and William Penn remain the companies that underwrite and issue our policies, we go to market under a single name, Legal & General America.