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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.
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. [ 1 ] On 30 May 2007 Resolution announced a strategic partnership with Capita which will result in the transfer of approximately two thousand staff in Customer Services and IT and phased outsourcing of back ...
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 2020, Phoenix completed the acquisition of fellow closed book specialist ReAssure Group from Swiss Re. [12]
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]
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.
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 ...
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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]