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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.
Resolution Life Group Holdings Ltd, which is registered in Bermuda, is the holding company for several global insurance brands, including AMP Life. [ 9 ] [ 10 ] In 2019, investors in the holding company included JPMorgan Chase , KKR , Nippon Life Insurance Company , Temasek Holdings and a Middle Eastern sovereign wealth fund.
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.
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.
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’.
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The Company became wholly owned by Lloyds TSB in 1996 [2] and absorbed Hill Samuel Life Assurance Company in 1998. [2] It lost its sales force in 2000 when it closed to new business. [2] In 2007, Lloyds Banking Group sold the Company to Deutsche Bank. [3] On 30 December 2016 Abbey Life was acquired by the Phoenix Group. [4]
PensionBee is a British online personal pension scheme provider. It was co-founded in 2014 by its chief executive officer , Romi Savova, and chief technology officer , Jonathan Lister Parsons. It is authorised and regulated by the Financial Conduct Authority .