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The Phoenix Group history
The Phoenix Group company history timeline
The company was founded in 1857 as The Pearl Loan Company and operated from the Royal Oak Public House opposite the Whitechapel Bell Foundry.
1864- Pearl Life Assurance Loan and Investment Company Limited was established.
1866 – British Workman’s Association (renamed Britannic Assurance) was established.
1984 – Sun Alliance acquired Phoenix Assurance.
1989 – London Life merged with Australian Mutual Provident Society (AMP).
More than two decades ago, in 1994, Adolf Merckle founded the PHOENIX group; the company’s beginnings date back more than one hundred years.
1995 – AMP closed London Life to new Business.
1996 – Royal Insurance and Sun Alliance merged to become Royal & Sun Alliance.
1999 – AMP acquired NPI.
In 1999 Comifar takes the control of Spem of Segrate, franchising model company.
The contract for the acquisition of Medifarm Velebit, the fourth largest pharmaceutical wholesaler, is also signed at the end of December 2003.
2003 – AMP closed Life Companies to new business and demerged them as HHG with Henderson Investors.
As a part of the merger, the two companies acquired , Farmacija and Medifarm-Velebit, are renamed into PHOENIX Farmacija on 1 November 2004.
2005 – Resolution Life Group Ltd merged with Britannic Group plc and became Resolution PLC.
In 2005, the Pearl Group was bought from Henderson Group by Sun Capital Partners (a business in which Hugh Osmond is a leading partner) and TDR Capital.
Acquisition of the wholesaler Viafarma, shares in the Czech company Europharm, and the majority share in the wholesaler Farmaceutica Bolognese. Italy Farmaceutica Bolognese (Emilia Romagna) merged in Comifar Distribuzione, after a first acquisition of 40% in 2005.
2006 – Resolution PLC acquired Abbey National plc’s Life businesses.
2008 – Pearl Group Ltd acquired Resolution PLC and sold open business of Scottish Mutual Assurance Ltd & Scottish Provident Ltd.
2009 – Liberty Acquisition Holdings (International) acquired Pearl Group Ltd.
Rating In summer 2012, rating agencies Fitch and Standard & Poor’s upgraded the bond rating by two notches to “BB”.
Germany PHOENIX awarded for "Best pharmacy partner 2013."
In March 2014, the business sold Ignis Asset Management to Standard Life Investments, the asset management arm of Standard Life.
2016 – Phoenix Group acquired Abbey Life.
In 2018, Phoenix Group agreed to acquire Standard Life Assurance from Standard Life Aberdeen for £2.9 billion.
In July 2020, Phoenix completed the acquisition of fellow closed book specialist ReAssure Group from Swiss Re.
On 23 February 2021 it was announced that Phoenix had acquired the rights to the Standard Life brand and had undertaken additional steps to simplify the relationship with Standard Life Aberdeen that had developed since the acquisition of the Standard Life business three years previously.
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The Phoenix Group competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Graphic Village | 1921 | $750,000 | 97 | 15 |
| dsgraphics | 1974 | $51.0M | 100 | - |
| Earth Color Inc. | - | $119.1M | 200 | - |
| Austin.com | - | - | 6 | 109 |
| Cramer Johnson & Wiggins | - | - | - | 14 |
| TWG Holdings, Inc. | - | $1.3B | 2,300 | 11 |
| Elite Group | 2001 | $1.6M | 30 | - |
| MBA Holdings Inc. | 1984 | $280,000 | 5 | - |
| The Solution Group | 2002 | $15.0M | 30 | - |
| USI Insurance Services | 1994 | $8.2B | 8,290 | 2 |
The Phoenix Group history FAQs
Zippia gives an in-depth look into the details of The Phoenix Group, including salaries, political affiliations, employee data, and more, in order to inform job seekers about The Phoenix Group. The employee data is based on information from people who have self-reported their past or current employments at The Phoenix Group. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by The Phoenix Group. The data presented on this page does not represent the view of The Phoenix Group and its employees or that of Zippia.
The Phoenix Group may also be known as or be related to Phoenix Group, The Phoenix Group and The Phoenix Group Holding Co.