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| 1985 |
Hambro Life became part of B.A.T Industries - Allied Dunbar was formally
launched. |
| 1986 |
Allied Dunbar purchased the private bank – Dunbar and Company |
| 1987 |
Allied Dunbar’s Income Protection Plan became a market leader just 12 months
after its launch. |
| 1989 |
The size of the salesforce peaked at 5,000 |
| 1991 |
Funds under management exceed £9 billion |
| 1994 |
Allied Dunbar acquired Hill Samuel’s direct sales force. |
| 1996 |
BAT created a common identity for its financial services businesses – British American Financial Services
(BAFS) |
| 1998 |
Zurich Financial Services bought BAFS. |
| 1999 |
Zurich IFA Group (ZIFA) formed from Esprit! (Allied Dunbar’s IFA arm), Eagle Star Life and Zurich Life. Jerry Grayburn appointed as Chief Executive. |
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A unified share structure sees Zurich Financial Services listed primarily in Zurich with a secondary listing in London. |
| 2001 |
Allied Dunbar’s tied salesforce, the Franchise Network, became the Zurich Advice Network. |
| 2002 |
Zurich reveals strategy to purely focus on core insurance business. |
| 2004 |
Zurich announces its intention to separate its distribution arm from the product provider/manufacturing arm and launch a multi-tied distribution business in 2005. |
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David Sims appointed as CEO of Zurich UK Life (the manufacturing arm) |
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Stephen Leaman appointed as CEO of Openwork– the multi-tied distribution arm. |
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Zurich Assurance formed from consolidation of the Eagle Star Life and Allied Dunbar brands. |
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ZIFA became Zurich Intermediary Group to recognise changes in how IFAs and other intermediaries operate
post-depolarisation. |
| 2005 |
Official launch of Zurich’s multi-tied distribution arm (Openwork) in June. |
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