Reliance Life




Reliance Life is part of Life Company Consolidation Group (LCCG), a specialist European life assurance group. LCCG believes that all stakeholders (customers, employees, regulators and capital providers) in sub-scale life companies are better served as part of a specialist vehicle with an active and growing franchise. LCCG has operations in the UK, Republic of Ireland and the Isle of Man, having previously acquired ten businesses, including from Aviva, AXA and Generali. Total policyholder assets of the LCCG group are currently around £24bn and predominantly unit-linked. LCCG’s principal businesses are Reliance Life and Utmost Wealth Solutions.

Utmost Wealth Solutions provides international savings, protection and investment solutions into the UK, Continental Europe and Asia from Ireland and the Isle of Man.

Reliance Life has approximately 200,000 policies and manages assets of £1.8bn from its offices in Tunbridge Wells, Kent. It was established in 2017 as a newly authorised UK Life Company and recently completed the acquisition of the business of Reliance Mutual Insurance Society through a process very similar to the one envisaged for Equitable Life. Its stated strategy is to continue to grow through further acquisitions of life business in the UK.

Reliance Life

Life Company Consolidation Group