Phoenix is a group of authorised life assurance companies which are owned by Pearl Group Limited.
The principal life companies branded Phoenix are:
- Phoenix & London Assurance Limited; and
- Phoenix Life Limited.
History of Phoenix
In September 2004, Resolution Life Group Limited bought the UK life funds of the Royal & SunAlliance Group.
This purchase included the UK life funds of Royal & SunAlliance Life & Pensions Limited and Royal & Sun Alliance Linked Insurances Limited.
In April 2005, Resolution Life went on to buy Swiss Life (UK). At this point, Resolution Life decided to combine the former Royal & SunAlliance and Swiss Life (UK) funds. All the policies within it were re-branded to Phoenix.
On 15 April 2005, Resolution Life changed the names of Royal & SunAlliance Life & Pensions Limited to Phoenix Life & Pensions Limited; and Sun Alliance & London Assurance Company to Phoenix & London Assurance Limited.
In September 2005, Resolution Life Group Limited merged with Britannic Group plc to form Resolution plc. Following the merger, Resolution plc was restructured and on 29 December 2005, Royal & SunAlliance Linked Insurances Limited was renamed Phoenix Life Limited.
Since then, further life businesses from other companies have been transferred and re-branded to Phoenix Life Limited. If you’d like to know more about these transfers, please follow this link.
In September 2006, Resolution plc bought Abbey National plc’s life companies. Abbey National Life plc was then re-branded to Phoenix Life Assurance Limited.
On 1 May 2008, Resolution plc was acquired by Pearl Group Limited, registered in England No. 5282342. Registered Office: The Pearl Centre, Lynch Wood, Peterborough PE2 6FY. Tel: 01733 470470. To find out more about Pearl Group Limited visit www.pearlgrouplimited.co.uk.
On 3 June 2008, Scottish Provident International Life Assurance became part of the Royal London Group.
On 1 August 2008, Phoenix Life Assurance Limited became part of the Royal London Group.
If you'd like to see the full list of original life companies now owned by Pearl Group Limited please follow this link.
