Clive Cowdery
Encyclopedia
Clive Cowdery is an English
businessman who made a personal fortune in the insurance industry and has since donated large amounts to charity
. He is closely associated with Resolution plc
, which was among the first companies to benefit from the invention of the "zombie fund
". Resolution Life was sold off to Hugh Osmond
, the owner of Pearl Group
.
Early Life
Born of Anglo Danish parentage, Clive Cowdery is the second eldest of five siblings and went to what was, at the time of his attendance, known as Clevedon Comprehensive School (now known as Clevedon Community School), from 1974 to 1981.
England
England is a country that is part of the United Kingdom. It shares land borders with Scotland to the north and Wales to the west; the Irish Sea is to the north west, the Celtic Sea to the south west, with the North Sea to the east and the English Channel to the south separating it from continental...
businessman who made a personal fortune in the insurance industry and has since donated large amounts to charity
Charity (practice)
The practice of charity means the voluntary giving of help to those in need who are not related to the giver.- Etymology :The word "charity" entered the English language through the Old French word "charité" which was derived from the Latin "caritas".Originally in Latin the word caritas meant...
. He is closely associated with Resolution plc
Resolution plc
Resolution plc was a UK insurance company headquartered in the City of London. It was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index but was acquired by the Pearl Group in May 2008.-Early history:...
, which was among the first companies to benefit from the invention of the "zombie fund
Zombie fund
A Zombie Fund is a with-profits life insurance fund, which is closed to new business. So it is running off its investment portfolio, keeping the capital invested while waiting for the last members to die, but not underwriting new policies....
". Resolution Life was sold off to Hugh Osmond
Hugh Osmond
Hugh Edward Mark Osmond is the founder of Punch Taverns, one of the United Kingdom's largest chains of public houses.-Career:Educated at Merton College, Oxford where he read Medicine, Hugh Osmond went to America in 1983 and worked in clubs for a while. He then joined a small investment bank in...
, the owner of Pearl Group
Pearl Group
Phoenix Group is one of the largest providers of insurance services in the United Kingdom. It is listed on the London Stock Exchange and was formerly traded on Euronext Amsterdam.-History:...
.
Early Life
Born of Anglo Danish parentage, Clive Cowdery is the second eldest of five siblings and went to what was, at the time of his attendance, known as Clevedon Comprehensive School (now known as Clevedon Community School), from 1974 to 1981.
External links
- Profile in The GuardianThe GuardianThe Guardian, formerly known as The Manchester Guardian , is a British national daily newspaper in the Berliner format...
- Interview from The TimesThe TimesThe Times is a British daily national newspaper, first published in London in 1785 under the title The Daily Universal Register . The Times and its sister paper The Sunday Times are published by Times Newspapers Limited, a subsidiary since 1981 of News International...