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British life insurer Phoenix set a target to generate around 1.5 billion pounds ($1.83 billion) in long-term cash from new business by 2025 on Tuesday, as it looks to build on growing demand for ...
In September 2005, Resolution Life merged with the FTSE company Britannic Group, who had closed to new business in 2003. [ citation needed ] In 2006, the merged group bought the life business of Abbey National , a transaction of £3.6 billion that brought entry into the FTSE 100.
In 2010, Pearl Group rebranded as Phoenix Group Holdings. [9] In March 2014, the business sold Ignis Asset Management to Standard Life Investments, the asset management arm of Standard Life. [10] In 2018, Phoenix Group agreed to acquire Standard Life Assurance from Standard Life Aberdeen for £2.9 billion.
In 2018, Phoenix Group Holdings plc acquired Standard Life from Standard Life Aberdeen plc for £2.9 billion. [24] In May 2021, Phoenix Group acquired the 'Standard Life' brand [25] and in July 2021 Aberdeen Standard Life Group companies rebranded as ‘abrdn’. [26]
In 1851, the oldest predecessor of The Phoenix Companies, The American Temperance Life Insurance Company, was founded.The American Temperance Life Insurance Company was a part-mutual, part-stock company that insured only those who abstained from alcohol and was founded by a group of prominent Hartford businessmen as well as religious and civic leaders.
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Bannister as the Phoenix Group CEO in 2019. Under the chairmanship of Ron Sandler (2009–2011), Bannister was recruited in 2011 [ 15 ] [ 16 ] and charged with the turnaround of the business. In 2008, the Pearl Group (renamed Phoenix Group in 2010) had acquired Resolution plc for £5bn to create the UK's largest "runoff" (Zombie) life fund ...
Chief executive, Phoenix Group Andy Briggs MBE (born March 1966) is a British businessman and chief executive of Phoenix Group . [ 1 ] He previously served as the Aviva Chief Executive Officer UK Insurance and Global Life and Health as well as the Government Business Champion for Older Workers and NSPCC trustee.