1991
The UAP group sets up in Luxembourg PanEuroLife S.A., the first life insurance company with a European vocation in its mode of distribution.
The company’s life insurance products are marketed in all the countries of the European Union exclusively according to the principle of Freedom to Provide Services through brokers, asset managers and, more generally, all persons vested with fiduciary responsibility.
1999
Nationwide, a major American insurance group, acquires PanEuroLife.
2000
Nationwide acquires Gartmore Investment Management PLC, a well-known British fund management company.
2002
Nationwide Global Holdings Inc. acquires Danica Life SA and extends its activities to the Scandinavian markets.
2006
Nationwide Global adopts the strategy of selling off its subsidiaries outside the United States and within this framework decides to sell off PanEuroLife S.A.
JC Flowers , an American private equity fund that is internationally renowned in its field, acquires PanEuroLife in late November 2006. This is the first time that a private equity fund is authorised to take over an insurance company in the Grand Duchy of Luxembourg.
2007
2007
PanEuroLife S.A. becomes Private Estate Life. |
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