Phoenix Group announce proposed acquisition of ReAssure Group

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Phoenix Group (LON:PHNX) has announced the proposed acquisition of ReAssure Group plc, a leading life insurance closed book consolidator in the United Kingdom.  Acquisition Highlights ·    Confirms Phoenix as Europe’s largest life and pensions consolidator. ·    Total consideration of £3.2 billion to Swiss Re Group (“Swiss Re”) and MS&AD Insurance Group Holdings, Inc. (“MS&AD”), the shareholders in ReAssure, satisfied through a mixture …

Phoenix Group Holdings PLC

Phoenix Group Strong trading update with 2019 cash generation ahead of target

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Phoenix Group (LON:PHNX), Europe’s largest life and pensions consolidator1, is hosting a Capital Markets Day today for investors and analysts, which will include presentations by Phoenix’s management team. The purpose of the event is to provide greater insight into how Phoenix manages its in-force business for Cash and Resilience. In addition, management will outline the range of options for Growth …

Phoenix Group Holdings PLC

Phoenix Group announce retirement of Group Chief Executive

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The Board of Phoenix Group (LON:PHNX) has announced that Clive Bannister, the Group Chief Executive, will retire on 10 March 2020 following the publication of the Group’s full year results and after nine years with the business. He will be succeeded by Andy Briggs, who will join the business as CEO- designate (subject to appropriate regulatory approval) on 1 January 2020 …

Phoenix Group Holdings Expects to be in upper end of target

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Phoenix Group Holdings (LON: PHNX), Europe’s largest life and pensions consolidator1, announced today strong results for the six months ended 30 June 2019. Financial highlights · Strong cash generation2 of £287 million in H1 2019 (H1 2018: £349 million). The Group expects to be towards the upper end of its cash generation target range of £600 million – £700 million3 …