Company
Phoenix Group Holdings PLC
LON:PHNX
Phoenix Group is a closed life assurance fund consolidator that specialises in the management and acquisition of closed life and pension funds, and operates primarily in the United Kingdom. Measured by total assets, the group is the largest UK consolidator of closed life assurance funds. The group has over 5.6 million policyholders and £74 billion of assets held by the Group’s life companies.
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Aviva, L&G and Phoenix rise as Solvency II reforms get the thumbs up
Industry body, the Association of British Insurers (ABI), highlighted in particular the proposed reduction to the risk margin by 65% for life insurers and 30% for non-life insurers.
Phoenix puts up its dividend by 3% after surge in bulk annuities sales
The insurer now expects full-year cash generation to be at the top end of its £1.3bn-£1.4bn target range
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FTSE 100 closes with modest gains after see-saw session on weak China data; US stocks turn mixed
At the close, the UK blue-chip index was up 8.26 points, or 0.1% at 7,509.15, midway between the session peak of 7,539.21 and the day’s low of 7,463.51
Phoenix Group acquires Sun Life UK for £248mln and plans to raise dividend
The savings and pensions company said it continues to see M&A as a strategic priority going forward and a core part of the group's growth strategy
Abrdn to return cash to shareholders after selling down stake in Phoenix Group PLC
The investment manager will retain a holding of roughly 10.4% and said its strategic partnership with Phoenix “remains important for us”
Phoenix Group offloads Ark Life Assurance in £200mln deal
The group has agreed to sell the business to insurance and pensions firm Irish Life Group for around €230mln in cash
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FTSE 100 closes at session low, dropping back with US blue chips; oil prices hold firm
At the close, the UK blue-chip index was 15.95 points weaker at 7,074.06, the session low and well below the day’s peak of 7,12940
Phoenix Group mulls sale of European businesses
Sky News reported last night that the life and pensions group was finalising a sale of the European business to ELG
Phoenix Group confirms buyer interest in European business
Phoenix Europe arm operates in the life insurance market, with operations across Ireland, Germany and the UK
Phoenix Group sees more acquisition opportunities after ReAssure deal
ReAssure cost £3.25bn and added 14mln life policies and £324bn of assets under management
Phoenix to buy UK closed-book arm from SwissRe for £3.25bn
ReAssure had previously planned a US$4.1bn flotation, but abandoned the plan in July after a weak response from institutional investors
Phoenix Group throwing off cash but new business lower
The life insurance consolidator has written £1.1bn of on new bulk purchase annuities in the first three quarters of 2019
Phoenix lines up Aviva UK insurance head as CEO designate
Andy Briggs will take over in March when Clive Bannister retires after nine years in the top job
Phoenix shares advance as it hikes dividend after profits jump
Phoenix said a deal to buy the bulk of Standard Life Aberdeen's insurance business last year was on track to deliver £1.2bn in savings
ReAssure to float in London as part of spin-out from parent Swiss Re
The closed-book specialist is the sixth largest life insurance group in the UK by total assets
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FTSE 100 closes higher at traders focus on Federal Reserve's dovish tone
The FTSE 250 though, seen as a better indicator of the state of UK companies, closed down around 41 points at 19,347.
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Clothes retailers Next and Ted Baker in the spotlight on Thursday
Not much excitement is expected from the Bank of England, so investor attention will instead be on two of the UK’s troubled clothes retailers: Ted Baker and Next