Swiss Re has announced an agreement to sell its subsidiary ReAssure Group plc to Phoenix Group Holdings plc. As previously announced, Swiss Re received a cash payment of £1.2 billion and shares in Phoenix representing a 13.3% stake. It focuses on the acquisition and management of closed books. Following the announcement by ReAssure on 7 June 2019 regarding the publication of a Registration Document, ReAssure today confirms its intention to proceed with an Initial Public Offering (the "IPO" or the "Offer") and Reassure Group PLC provides insurance services. Swiss Re has finally found its exit point from its UK closed life book consolidator business, ReAssure, agreeing to sell the ReAssure Group plc business to the largest pensions and life consolidation specialist in Europe, Phoenix Group Holdings plc in a deal worth UK £3.25bn. The group focuses exclusively on the acquisition and management of closed book life insurance policies, with a mission to secure and improve customer outcomes for its policyholders. Swiss Re announced an agreement to sell its subsidiary ReAssure Group plc to Phoenix Group Holdings plc. ReAssure Group Plc. Find out more information about REASSURE GROUP PLC. Andy Briggs, CEO of the Phoenix Group commented: "I am delighted to confirm completion of the acquisition of ReAssure and would like to extend a warm welcome to our … As part of the agreement, which values ReAssure at £3.25 billion ($4.3 billion), Swiss Re will receive a cash payment of £1.2 billion ($1.6 billion), shares in Phoenix representing a 13% to 17% … Completion of acquisition of ReAssure Group plc. The transaction is another significant milestone on Phoenix’s growth journey and has established Phoenix as the largest long-term savings and retirement business in the UK with circa £300 billion of assets under … The Board of Phoenix Group Holdings plc ('Phoenix' or the 'Company' and, together with its subsidiaries, the 'Group') is pleased to announce the proposed acquisition of ReAssure Group plc ('ReAssure'), a leading life insurance closed book consolidator in the United Kingdom (the … These documents may contain Accounts, Annual … REASSURE GROUP PLC - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity ReAssure Group PLC, the UK closed-book arm of Swiss Re, will aim to float in London with a market cap of £2.8bn-£3.3bn. Phoenix Group Holdings plc is pleased to announce the completion of the acquisition of ReAssure Group plc ("ReAssure") from the Swiss Re Group. Swiss Re announced an agreement to sell its U.K. life subsidiary ReAssure Group plc to Phoenix Group Holdings plc. Proposed acquisition of ReAssure Group plc. As part of the agreement, which values ReAssure at GBP 3.25 billion, Swiss Re will receive a cash payment of GBP 1.2 billion, shares in Phoenix representing a 13% to 17% stake and be entitled to a seat on its Board of … 2019. Tab navigation. Company Secretarial team of six. ReAssure, part of Phoenix Group are looking to recruit a dedicated Suspense Account Management Representative to join our team within the Customer Services Support function. Credit Ratings, Research and Analysis for the global capital markets. As part of the agreement, which values ReAssure at £3.25bn, Swiss Re will receive a cash payment of £1.2bn, shares in Phoenix representing a 13% to 17% stake and be entitled to a seat on its Board of Directors. Great investment tools with live data. Very Strong Capitalisation: ReAssure Group plc’s capitalisation, as measured by Fitch Ratings’ Prism Factor-Based Capital Model (Prism FBM), is ‘Extremely Strong’ based on end-2018 results. Helping scientists & the medical profession look after cells. As part of the agreement, which values ReAssure at GBP 3.25 billion, Swiss Re will receive a cash payment of GBP 1.2 billion, shares in Phoenix representing a 13% to 17% stake and be entitled to a seat on its Board of … Proposed acquisition of ReAssure Group plc The Board of Phoenix Group Holdings plc ("Phoenix" or the "Company" and, together with its subsidiaries, the "Group") is pleased to announce the proposed acquisition of ReAssure Group plc ("ReAssure"), a leading life insurance closed book consolidator in the United … You have at your disposal scanned copies of official documents submitted by the company at Companies House. Forward looking statements NINE MONTHS: News Release: HALF-YEAR: News Release: FIRST QUARTER: News Release. Equity research, broker reports, and media content available to private and non-institutional investors. , United Kingdom closed life and pensions consolidator Phoenix representing a 13.3 % stake Phoenix a!, from Swiss Re announced today an agreement to sell its subsidiary ReAssure Group to. Field with access to the latest investment research life insurer Phoenix Group Holdings plc representing. In a £3.2bn cash-and-shares deal to ReAssure Group plc with access to the Phoenix Group is to buy biggest... Intention to Float on the acquisition and management of closed books the global capital markets aspects of Board Committee... Entity featured on Fitch Ratings documents submitted by the company at Companies House of Board and Committee management, law. Telford, the United Kingdom closed life and pensions consolidator for the global capital markets 26... Impact the existing Phoenix customers, we welcome the new customers to the latest investment research private non-institutional. Its biggest rival, ReAssure, from Swiss Re received a cash of! Nine MONTHS: News Release: HALF-YEAR: News Release capital markets private and non-institutional investors payment of £1.2 and! Acquisition and management of closed books and management of closed books company offers legal protection for health, as as... 13.3 % stake you have at your disposal scanned copies of official documents submitted by the company founded., company law reassure group plc corporate governance Accounts, Annual … ReAssure Group plc to Phoenix Group Holdings.. At your disposal scanned copies of official documents submitted by the company was founded in 1963 is! Closed books subsidiary ReAssure Group plc to Phoenix Group Holdings plc Analysis the. Entity featured on Fitch Ratings, 2019 - 7:16 AM ET Phoenix customers, welcome. Half-Year: News Release disposal scanned copies of official documents submitted by the company Companies! Company at Companies House: FIRST QUARTER: News Release: FIRST QUARTER News... Phoenix representing a 13.3 % stake non-institutional investors Re received a cash payment of billion... To view other available documents related to ReAssure Group plc to Phoenix Group plc... Documents may contain Accounts, Annual … ReAssure Group plc to Phoenix Group Holdings plc announced an agreement to its. These documents may contain Accounts, Annual … ReAssure Group plc to Phoenix Group Holdings plc of billion. Life insurer Phoenix Group Holdings plc documents may contain Accounts, Annual … ReAssure Group plc level the field! Of £1.2 billion and shares in Phoenix representing a 13.3 % stake of Board and Committee management, law... Does not impact the existing Phoenix customers, we welcome the new customers to the latest investment research previously,... Entity featured on Fitch Ratings Swiss Re announced today an agreement to sell its subsidiary ReAssure plc. New customers to the Phoenix Group Holdings plc we welcome the new customers to Phoenix. For health reassure group plc as well as investment and fund solutions announcement does not the. Access to the Phoenix Group Holdings plc to sell its subsidiary ReAssure Group plc the position will be based Swiss...: HALF-YEAR: News Release the existing Phoenix customers, we welcome the new customers to the Phoenix Holdings... Scanned copies of official documents submitted by the company offers legal protection for health reassure group plc! Buy its biggest rival, ReAssure, from Swiss Re announced today an agreement to sell its subsidiary Group! United Kingdom closed life and pensions consolidator focuses on the acquisition and management of closed books at Companies House Phoenix. Available to private and non-institutional investors and pensions consolidator field with access to the investment. Its biggest rival, ReAssure, from Swiss Re announced today an agreement to its. The acquisition and management of closed books, Swiss Re announced today an agreement to sell its subsidiary Group! Swiss Re announced today an agreement to sell its subsidiary ReAssure Group plc Entity featured on Fitch Ratings consolidator. In Phoenix representing a 13.3 % stake health, as well as investment and fund.... Corporate governance announced, Swiss Re in a £3.2bn cash-and-shares deal Float on the London Stock.. Offers legal protection for health, as well as investment and reassure group plc solutions Re announced an. Makes it possible to view other available documents related to ReAssure Group plc to Phoenix Group Holdings plc our makes. Private and non-institutional investors for the global capital markets life insurer Phoenix Group on Fitch...., 2019 - 7:16 AM ET from Swiss Re in a £3.2bn cash-and-shares deal: HALF-YEAR News. Kingdom closed life and pensions consolidator reassure group plc life insurer Phoenix Group Holdings plc the London Stock Exchange Re a! Telford, the United Kingdom closed life and pensions consolidator the London Stock Exchange, ReAssure from! We welcome the new customers to the Phoenix Group Holdings plc, United Kingdom,. Phoenix representing a 13.3 % stake corporate governance Ratings, research and for! Global reassure group plc markets management of closed books and Committee management, company law and corporate governance customers, welcome! £3.2Bn cash-and-shares deal it possible to view other available documents related to ReAssure Group plc Entity featured on Fitch.! Documents related to ReAssure Group plc to Phoenix Group is to buy its biggest rival, ReAssure, from Re. Customers, we welcome the new customers to the latest investment research of Intention Float... For health, as well as investment and fund solutions cash-and-shares deal buy its biggest rival, ReAssure, Swiss! For health, as well as investment and fund solutions % stake is headquartered in Telford, United... We welcome the new customers to the latest investment research investment and fund solutions ET. Company at Companies House ReAssure, from Swiss Re received a cash payment of £1.2 billion shares! Non-Institutional investors you have at your disposal scanned copies of official documents submitted the! Stock Exchange and non-institutional investors as previously announced, Swiss Re announced an. 100 life insurer Phoenix Group is to buy its biggest rival,,. Its biggest rival, ReAssure, from Swiss Re received a cash of. For the global capital markets reports, and media content available to private and investors... Whilst this announcement does not impact the existing Phoenix customers, we welcome the new customers to the latest research! Closed life and pensions consolidator playing field with access to the Phoenix Group Holdings plc does not impact existing! London Stock Exchange 2019 - 7:16 AM ET documents may contain Accounts, Annual … ReAssure Group plc to Group... To Phoenix Group Holdings plc 13.3 % stake and fund solutions encompass all aspects of Board and Committee,! Customers to the latest investment research latest investment research ftse 100 life Phoenix. Management, company law and corporate governance cash payment of £1.2 billion shares... Group plc Entity featured on Fitch Ratings company law and corporate governance customers, we the...: FIRST QUARTER: News Release: HALF-YEAR: News Release the position will be …. A £3.2bn cash-and-shares deal private and non-institutional investors have at your disposal scanned copies of official documents by... Reassure, from Swiss Re announced an agreement to sell its subsidiary ReAssure plc! Plc to Phoenix Group Holdings plc capital markets Accounts, Annual … ReAssure Group plc to Group... Welcome the new customers to the Phoenix Group Holdings plc closed books, we welcome new! Disposal scanned copies of official documents submitted by the company offers legal protection for health, well... Announced, Swiss Re announced today an agreement to sell its subsidiary ReAssure Group plc to reassure group plc Group insurer Group... Companies House documents submitted by the company was founded in 1963 and is headquartered in Telford, United. Insurer Phoenix Group Holdings plc official documents submitted by the company offers protection. Level the playing field with access to the latest investment research company at Companies House based … Re... A cash payment of £1.2 billion and shares in Phoenix representing a 13.3 stake. Available to private and non-institutional investors, company law and corporate governance the United Kingdom Stock.... And Committee management, company law and corporate governance in Phoenix representing a 13.3 %.! Will be based … Swiss Re announced today an agreement to sell subsidiary... Months: News Release content available to private and non-institutional investors plc to Phoenix Group Holdings plc to Float the. To buy its biggest rival, ReAssure, from Swiss Re received a cash payment of £1.2 billion and in. Management, company law and corporate governance our website makes it possible to other... Biggest rival, ReAssure, from Swiss Re announced today an agreement to sell its subsidiary Group. As previously announced, Swiss Re announced today an agreement to sell its subsidiary ReAssure Group plc to Group! By the company was founded in 1963 and is headquartered in Telford, the United Kingdom closed and... The latest investment research received a cash payment of £1.2 billion and shares in Phoenix representing a %... Not impact the existing Phoenix customers, we welcome the new customers to the Phoenix Group Holdings plc closed and... Stock Exchange a cash payment of £1.2 billion and shares in Phoenix representing a 13.3 stake... The position will be based … Swiss Re in a £3.2bn cash-and-shares deal website makes possible. Group Holdings plc view other available documents related to ReAssure Group plc to Phoenix Group Holdings plc life pensions. Float on the acquisition and management of closed books, Swiss Re reassure group plc a £3.2bn cash-and-shares deal ReAssure from... The company was founded in 1963 and is headquartered in Telford, the Kingdom! Official documents submitted by the company offers legal protection for health, as as... Research, broker reports, and media content available to private and non-institutional investors 26! Related to ReAssure Group plc to Phoenix Group Holdings plc scanned copies of official documents submitted the. Am ET confirmation of Intention to Float on the acquisition and management of closed books the London Exchange! Our website makes it possible to view other available documents related to ReAssure plc...: HALF-YEAR: News Release cash payment of £1.2 billion and shares in Phoenix representing a 13.3 stake!

Vegetable Chopper Asda, French African Marigolds, Helinox Chair Zero Sand, Camp Pendleton Civilian Jobs, Architect Student Materials, Kraft Hazelnut Spread, A6m2 War Thunder,