Compare Norwich Union Life Insurance
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About Norwich Union
Norwich Union was founded in 1797 in Norwich, when 36-year-old merchant and banker Thomas Bignold formed the "Norwich Union Society for the Insurance of Houses, Stock and Merchandise from Fire", a mutual society owned by the policyholders who received a share of the profits.
In 1808 Thomas Bignold established a second mutual, the Norwich Union Life Insurance Society. The Fire Society demutualised in 1821 when it absorbed the Norwich General Assurance Company.
In 1997, its bicentenary year, Norwich Union demutualised and floated as a public limited company on the London Stock Exchange. In 2000, Norwich Union merged with CGU, which itself was formed from the merger of General Accident and Commercial Union in October 1998. Upon merging they formed the group CGNU which went on to become the Aviva group.
Norwich Union was the name given to insurance company Aviva's British arm before June 2009. On 29 April 2008, Aviva announced that the Norwich Union brand would be phased out. On 1 June 2009, Norwich Union was rebranded as Aviva.
*Figures are indications of savings only and based on a £100,000 life insurance policy for a female aged 30, non smoker and without a pre-existing medical condition. The rate is based on a 25 year level term policy, sourced on a guaranteed basis. Correct as at September 2017.