Swiss Re agrees to the sale of ReAssure to Phoenix Group Holdings

Swiss Re today announced the sale of ReAssure to Phoenix Group Holdings, subject to regulatory approval.

Phoenix Group Holdings is a FTSE 100 listed company. The Group currently has around 10 million policyholders and £245 billion of assets held by the Group’s life companies, which includes Phoenix Life and Standard Life. The Phoenix Group operates primarily in the UK and specialises in taking over and managing closed life and pension funds.

We don’t expect today’s announcement to have any direct impact on policyholders, or to the terms and conditions of their policies.

You can find out more about the announcement here.

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