Partnership Assurance has completed its merger with Just Retirement creating JRP Group plc.
The company which began trading on the London Stock Exchange today has a market cap of £1.4bn and assets under management of more than £15 billion.
JRP Group provides a wide range of products, advice and professional services including protection for impaired lives and long-term care plan.
Rodney Cook, group chief executive of JRP Group, said: "I am delighted the merger process between Just Retirement and Partnership has been concluded and JRP Group plc is now established.
"As we launch, we are optimistic that our new company will use the outstanding intellectual property we have developed, together with our multi-channel distribution assets and market leading service to positively disrupt markets to deliver improved value to our customers."
Further reading
Partnership to merge with Just Retirement
