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Phoenix Group Holdings plc is a provider of insurance services based in London, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
In 1990, it was acquired by the insurance group, AMP Limited, and in 2003, Pearl, NPI and London Life Association were demerged from AMP to become part of Henderson Group.
In 2005, the Pearl Group was bought from Henderson Group by Sun Capital Partners (a business in which Hugh Osmond is a leading partner) and TDR Capital. It acquired Resolution plc (including its Phoenix Assurance operations) in 2008. In 2009, the business was acquired by the Liberty Acquisition Holdings (International) Company (a vehicle controlled by billionaire Nicolas Berggruen), which subsequently renamed itself Pearl Group.
In 2010, Pearl Group rebranded as Phoenix Group Holdings. Phoenix Group Holdings Group transition Phoenix Group Holdings Audited Results for the year ended 31 December 2009 In March 2014, the business sold Ignis Asset Management to Standard Life Investments, the asset management arm of Standard Life.
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.
In 2020, Phoenix completed the acquisition of fellow closed book specialist ReAssure Group from Swiss Re.
In 2021, it was announced that Phoenix had acquired the rights to the Standard Life brand and had undertaken additional steps to simplify the relationship with Standard Life Aberdeen that had developed since the acquisition of the Standard Life business three years previously.
Operations
Phoenix Group comprises a number of regulated life companies in the UK:
plus other unregulated businesses:
See also
External links
Categories: 1857 Establishments In England, British Companies Established In 1857, Companies Based In Peterborough, Companies Listed On The London Stock Exchange, Companies In The Ftse 100 Index, Financial Services Companies Based In The City Of London, Financial Services Companies Established In 1857, Insurance Companies Of The United Kingdom
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