Phoenix Group Holdings News

UK Insurer LV= Says Talks Continue with Number of Parties About Possible Merger

UK insurance company Liverpool Victoria said it remains in talks with a “number of parties” about a possible transaction after Sky News reported it was negotiating a merger with rival Royal London. The company known as LV= “confirms that as …

UK Insurer LV= Attracts Bidders Including Phoenix, Cinven: Sources

UK insurer Liverpool Victoria has attracted interest from rivals including Phoenix Group Holdings and private equity firm Cinven Ltd., according to people familiar with the matter. Fellow mutual insurer Royal London, Utmost Life and Pensions and European Insurance Consolidation Group …

Allianz and Generali Plan to Sell Life Insurance Assets: Sources

Two of Europe’s largest insurers are gearing up to sell billions of euros in life assets — a niche corner of dealmaking keeping bankers busy amid the coronavirus pandemic. Allianz SE is planning to divest as much as 9 billion …

Swiss Re to Sell U.K. Insurer ReAssure to Phoenix Group for $4.3B in Cash, Shares

Swiss Re announced an agreement to sell its U.K. life subsidiary ReAssure Group plc to Phoenix Group Holdings plc. As part of the agreement, which values ReAssure at £3.25 billion ($4.3 billion), Swiss Re will receive a cash payment of …

Deutsche Bank Sells Insurance Unit to Britain’s Phoenix Group

Deutsche Bank AG has sold its British insurance business Abbey Life to Phoenix Group Holdings as it sheds non-core assets and reduces its balance sheet in an effort to reassure anxious investors and meet regulators’ demands. Phoenix, Britain’s largest owner …

AXA Sells SunLife, Names Top Team Including Harlin as CFO, Olivier to Lead P/C

AXA SA sold its SunLife unit in the U.K. to Phoenix Group Holdings and announced the top-management team that will work with incoming Chief Executive Officer Thomas Buberl when he takes the helm in September. Gerald Harlin will become group …

Swiss Re and UK’s Legal & General Weigh Bids for Deutsche Bank’s Abbey Life

Swiss Re AG and Britain’s Legal & General Group Plc are among firms considering bids for Deutsche Bank AG’s insurance business Abbey Life Assurance Co., according to people with knowledge of their plans. Deutsche Bank is seeking bids by the …

Swiss Re in Talks with Phoenix on Admin Re Merger

Swiss Re Ltd., the world’s second- biggest reinsurer, said it’s in preliminary talks about combining its Admin Re business with Phoenix Group Holdings. “There is no certainty that these discussions will lead to any transaction,” the Zurich-based reinsurer said in …