Provident Mutual Life Assurance
 | |
 25 Moorgate in London | |
| Industry | Insurance |
|---|---|
| Founded | 1840 |
| Defunct | 1995 |
| Fate | Acquired by General Accident |
| Successor | CGU plc |
| Headquarters | London |
Key people | Lord Farnham (chairman) Brian Richardson (CEO) |
Provident Mutual Life Assurance was a London-based life insurance and pensions company.
History
The company was established as the Provident Clerks' Mutual Benefit Association in 1840.[1] It created the first UK-based policy against death-in-service in 1852, and introduced a system of regular payroll deductions to allow all employees to participate.[2]
It established new offices at 25–31 Moorgate in London in 1923.[3] The company relocated to Alresford Place near Winchester, to reduce the risk to its staff from air raids by the Luftwaffe, in June 1939, during the Second World War.[4]
It had some 500,000 policy holders in 1995, when it was acquired by General Accident in a deal worth £170 million.[5]
References
- ^ "Legacy companies". Aviva. Retrieved 16 July 2025.
- ^ "History of Life Assurance". Armchair Mortgages. Retrieved 16 July 2025.
- ^ New Offices: Provident Mutual Life Assurance. Architecture Book. 1923.
- ^ "Aviva companies in WW2 — evacuated offices". Aviva Archives. Retrieved 16 July 2025.
- ^ "General Accident takes over Provident Mutual". The Herald. 29 September 1995. Retrieved 16 July 2025.