This web site needs javascript enabled to work properly. Please enable it to use the full functionality of the web site. Thank You!

Best's News

Best’s News & Research Service subscription required - September 28, 2016 05:00 PM (EDT)

Phoenix CEO: $1.22 Billion Acquisition of Abbey Life Example of Fundamental Shift in UK Life Market

Phoenix Group Holdings said it agreed to buy Abbey Life Assurance Co. Ltd. from a unit of Deutsche Bank AG for £935 million (US$1.22 billion), a move Phoenix said will add £10 billion of assets . . .

-- This content requires a subscription --

Already a Subscriber?

Log in Register your purchase

Not a Subscriber?

Best's News & Research Service

A subscription includes:

BestDay
Best's News
Best's Review
Best's Research
Best's Special Reports & Commentaries
Best's Rankings
and more...

Receive emails featuring AM Best's news and research
Opt-in

Mergers And Acquisitions Life Insurers United Kingdom

Reprints & Redistribution

Latest News

CATASTROPHE MODELING
Industry Executives Urge Need for Speed on California Regulatory Model Changes
Apr 26, 2024 04:34 PM (EDT)

BEST'S NEWS
Best's News: AM Best Says Insurers Navigate Data Privacy, Regulatory Challenges With Wearables
Apr 26, 2024 04:19 PM (EDT)

EARNINGS
China Life's First-Quarter Profit Falls on Lower Single Premiums, Investment Income
Apr 26, 2024 03:07 PM (EDT)

EARNINGS
Florida-Based Universal Increases First-Quarter Net Income 39.2%, Cedes Less Premium
Apr 26, 2024 02:51 PM (EDT)

EARNINGS
Centene CEO: ACA Marketplace Plans Provide a Growth Opportunity
Apr 26, 2024 02:37 PM (EDT)

More from Best’s News

Trending

1

ANNUITIES
LIMRA: US Annuity Sales Jump 21% in the First Quarter
Apr 25, 2024 12:32 PM (EDT)

2

BEST'S CREDIT RATING ACTION
AM Best Downgrades Issuer Credit Rating of Members of Auto Club Enterprises Group; Removes From Under Review With Positive Implications, Upgrades Credit Ratings of Wawanesa General Insurance Company
Apr 25, 2024 11:57 AM (EDT)

3

BEST'S CREDIT RATING ACTION
AM Best Affirms Credit Ratings of The Cigna Group and Its Subsidiaries
Apr 25, 2024 11:26 AM (EDT)

4

CRIME
Florida Citizens: Cyber Actor Hacked System
Apr 24, 2024 02:04 PM (EDT)

5

EARNINGS
Chubb CEO: Asia Leads as Growth Continues Despite Financial Lines Drag
Apr 24, 2024 01:53 PM (EDT)

1

MERGERS AND ACQUISITIONS
Aon Expects to Close on $12.76 Billion NFP Acquisition Around April 25
Apr 22, 2024 11:42 AM (EDT)

2

BEST'S NEWS
Best's News: Improvements in Florida Not Enough to Reopen Homeowners
Apr 19, 2024 04:22 PM (EDT)

3

CALIFORNIA
Tokio Marine America, Trans Pacific Latest To Exit From California Homeowners
Apr 19, 2024 04:07 PM (EDT)

4

PROPERTY AND CASUALTY INSURANCE
Progressive To Sell Office Buildings as Shift to Remote Work Cuts Need for Space
Apr 19, 2024 02:42 PM (EDT)

5

PEOPLE IN INSURANCE
United Educators Insurance Names Successor to Retiring President-CEO
Aug 09, 2023 11:34 AM (EDT)

1

EMPLOYEE TERMINATION
Insurance Industry Layoffs: USAA Cuts 220 Positions
Apr 11, 2024 01:57 PM (EDT)

2

BEST'S CREDIT RATING ACTION
AM Best Downgrades Credit Ratings of State Farm General Insurance Company
Mar 28, 2024 03:36 PM (EDT)

3

CATASTROPHES
Update: Marine Mutual Britannia Confirms Insurance Role in Baltimore Bridge Ship Collision
Mar 26, 2024 02:11 PM (EDT)

4

A.M. Best Assigns Ratings to Knight Specialty Insurance Company
Dec 18, 2014 01:26 PM (EST)

5

Three Insurers Win Ruling That WTC Disaster Was One Event
Sep 25, 2002 12:00 AM (EDT)

1

BEST'S CREDIT RATING ACTION
AM Best Downgrades Credit Ratings of State Farm General Insurance Company
Mar 28, 2024 03:36 PM (EDT)

2

CATASTROPHES
Update: Marine Mutual Britannia Confirms Insurance Role in Baltimore Bridge Ship Collision
Mar 26, 2024 02:11 PM (EDT)

3

ELECTIONS 2010
North Carolina Commissioner Races Competitive on Both Sides
Mar 01, 2024 11:28 AM (EST)

4

A.M. Best Assigns Ratings to Knight Specialty Insurance Company
Dec 18, 2014 01:26 PM (EST)

5

Three Insurers Win Ruling That WTC Disaster Was One Event
Sep 25, 2002 12:00 AM (EDT)

AM Best TV

Related Companies

AMB#	Company Name
085646	Abbey Life Assurance Company Limited
052877	Phoenix Group Holdings
086247	Phoenix Life Assurance Limited

PEOPLE IN INSURANCE
Phoenix Group Names Heritage CEO and Chief Transformation Officer
Sep 06, 2022 01:58 PM (EDT)

EARNINGS
Sun Life Posts Drop in Second-Quarter Net Income on Costs From DentaQuest Acquisition, Unfavorable Markets
Aug 04, 2022 04:07 PM (EDT)

Phoenix Group Names New Group CEO as Bannister Retires
Nov 12, 2019 11:23 AM (EST)

UK Regulator Fines Standard Life £30.79 Million Over ‘Predatory’ Sales Practices
Jul 24, 2019 02:31 PM (EDT)

As Co-CEO Steps Aside, Standard Life Aberdeen Posts ‘Flat’ Profit
Mar 13, 2019 02:39 PM (EDT)

More Related Company News

To Submit News go to - https://www.ambest.com/bestweek/submitnews.html