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1 through 20 of 25 matching documents, best matches first.   Sort by date

Standard Life Forms $2.73 Billion UK Pension Risk Transfer Consortium
Capital Partners plc and U.S. life insurer Prudential Financial Inc., as well as Goldman Sachs Group Inc., Japan's MS&AD Insurance Group Holdings Inc. and other long-term ...
Source: BestWire   Date: August 20, 2026
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Standard Life Completes $269 Million Pension Buy-In Deal With Abbey Life Assurance
Abbey Life Assurance Co. Ltd. Staff Pension Scheme. The buy-in transaction completed in April, the company said in a statement and will cover the pensions of 1,584 members. The ...
Source: BestWire   Date: June 1, 2026
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With US Move, Aegon Sells UK Unit to Standard Life for $2.71 Billion
Standard Life's board of directors. "The terms reflect our commitment to creating value for shareholders, and through our shareholding we will benefit from further value creation ...
Source: BestWire   Date: April 15, 2026
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UK Underwriters Back 'Landmark' Government Pension Review
Treasury said in a statement. Backed by U.K. underwriters and the Association of British Insurers, the review seeks to boost investment, increase pension pots and tackle waste in ...
Source: BestWire   Date: July 26, 2024
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Phoenix Group Doubles First-Half New Business Long-Term Cash Generation to $1.1 Billion
Phoenix Group Holdings Ltd. doubled its six-month new business long-term cash generation as the U.K.-based life insurance consolidator said it saw strong organic cash flow and ...
Source: BestWire   Date: September 19, 2023
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Confederation of British Industry Vows to Make Amends as Insurance Members Leave
Aviva plc spokesperson said in an email to BestWire. "We have therefore regrettably terminated our membership with immediate effect." "It has become untenable to retain our ...
Source: BestWire   Date: April 24, 2023
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Sun Life Completes Sale of UK Business to Phoenix Group
Sun Life Financial Inc. has completed the sale of SLF of Canada UK Ltd. to Phoenix Group Holdings plc. With this transaction, Sun Life UK's life and pension policies and annuity ...
Source: BestWire   Date: April 3, 2023
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Phoenix Group’s Net Loss Widens to $1.10 Billion on Investment Losses
Chief Executive Officer Andy Briggs said in a statement. "We are of course very aware of the current economic backdrop and that many people are facing significant challenges from ...
Source: BestWire   Date: August 15, 2022
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MetLife Completes UK Longevity Deals With Phoenix Involving $2.4 Billion in Pension Liabilities
...Despite the continuing uncertainty around the pandemic, the U.K. pension and longevity risk transfer markets remains resilient" and MetLife continues to expand its presence in this ...
Source: BestWire   Date: January 28, 2022
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Swiss Re Sells Remaining Stake in Phoenix Group for $602.7 Million
Phoenix said in a statement. The placing was conducted through an accelerated bookbuild. "Swiss Re can confirm that following an analysis of its principal investments portfolio, ...
Source: BestWire   Date: January 12, 2022
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Great-West Acquires Ireland’s Ark Life From Phoenix for $271.7 Million
Ark Life Assurance Co. DAC from Phoenix Group Holdings plc for €230 million ($271.7 million), in a transaction involving about 150,000 policies and €2.1 billion in assets. The ...
Source: BestWire   Date: July 13, 2021
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Swiss Re Sells 6.6% Stake in Phoenix Group for $610.6 Million
Swiss re said in a statement. In connection with the sale, Phoenix gave its consent to Swiss Re to conduct the transaction prior to expiration of a lock-up arrangement on July 23, ...
Source: BestWire   Date: June 23, 2021
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Phoenix Group Ends Talks on Sale of Europe Life Unit
Phoenix Group was not immediately successful. In May, in response to media speculation, Phoenix confirmed it was in advanced discussions on a potential sale of its European ...
Source: BestWire   Date: June 16, 2021
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Phoenix CEO: Acquisition of Swiss Re’s ReAssure Group Confirms It as Europe’s Largest Life and Pension Consolidator
...Assure stakeholder MS&AD Insurance Group Holdings Inc. stakes in Phoenix. The deal will give Swiss Re a cash payment of £1.2 billion and shares in Phoenix representing a 13% to ...
Source: BestWire   Date: December 6, 2019
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Phoenix Posts Jump in Second-Quarter Net Income
Standard Life Assurance businesses. "We are building an operating platform that will service not only our existing business but will meet our future growth aspirations." Phoenix ...
Source: BestWire   Date: August 7, 2019
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UK Regulator Ends Probe Into Fairness in Life Sector
Old Mutual, Police Mutual, Prudential plc and Scottish Widows. The FCA earlier closed its investigation into Police Mutual and Scottish Widows without further action (Best's News ...
Source: BestWire   Date: September 19, 2018
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UK Regulator Ends Scottish Widows Life Probe With No Action
Prudential plc, Countrywide Assured, Old Mutual and Abbey Life. In September 2017, the FCA said it had ended its investigation into Police Mutual without further action. The FCA ...
Source: BestWire   Date: June 13, 2018
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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 ...
Source: BestWire   Date: September 28, 2016
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UK Pension Plan Manager Rothesay Life Buys Control of Paternoster
Paternoster said in a statement. It should, Paternoster added, "create an excellent combination to exploit the opportunities in the growing bulk annuity market and enhance the long ...
Source: BestWire   Date: December 17, 2010
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U.K.’s Scottish Widows to Sell Abbey Life to Deutsche Bank
Abbey Life Assurance Co. Ltd. to Deutsche Bank AG for 977 million pounds (1.44 billion euros) in cash. The announcement was made by Lloyds TSB Group plc, the parent of both ...
Source: BestWire   Date: July 31, 2007
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