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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. As part of the transaction Standard Life Aberdeen retained a stake in the combined group. [11]
In 1912, Phoenix became the first life insurance company to use direct mail advertising. In 1923, Phoenix created the first advertisement to promote the value of life insurance and then in 1926, runs advertisements for its retirement income plan in national magazines, with the tag line, "You don't have to be rich to retire at 55 on $200 a month."
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.
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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 ...
Towards the end of the month, Standard Life completed the acquisition for a fee of £390 million. [12] In September 2014, Standard Life agreed to sell its Canadian operations to The Manufacturers Life Insurance Company, a subsidiary of Manulife Financial Corporation. [13] It completed this sale on 30 January 2015 for a cash consideration of C$4 ...
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