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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.
On 25 July 2007 Resolution agreed a merger with Friends Provident to create a new entity, Friends Financial, with a market cap of circa £8.6Bn, however by September 2007 it was announced that Hugh Osmond's Pearl Group, a critic of the proposed merger with Friends Provident, had undergone talks with Swiss Re about a potential deal to take over Resolution, [3] but talks broke down.
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.
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 ...
It sold its healthcare division to Discovery Holdings, a South African business, in May 2010 [7] and went on to buy Focus Solutions Group, a financial software company, for £42m in December 2010. [8] In January 2006, Standard Life were accused of smearing a policy
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.
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The name of the company upon its formation in May 2000 was CGNU plc and was created when Norwich Union merged with insurer CGU. [7] In April 2002, the company's shareholders voted to change the company name to Aviva plc, an invented palindrome word derived from "viva", the Latin for 'alive' and designed to be short, memorable and work worldwide.