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The rise and fall of valuation methodologies
31 August 2017The arrival of Solvency II and revised guidance on embedded value methodologies has led to changes in the financial metrics that European insurers report – and not all of them are welcome. David Walker reports
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Phoenix grasps benefit of slowing longevity improvement
24 August 2017Adoption of CMI 16 decreases value of liabilities by £126m
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UK regulator proposes internal model levy
24 March 2017Rules on model change remain in force until review takes place
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Phoenix reveals £2bn longevity swap with RGA
20 March 2017Group sets aside £25m for FCA investigation
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Phoenix issues first sterling tier 3 bond
17 January 2017Losses triggered by breach of MCR
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Phoenix boosts solvency with Abbey Life acquisition
28 September 2016Risk of FCA fines passed to Deutsche Bank
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Phoenix pays £935m to acquire Abbey Life
28 September 2016Deutsche Bank sells closed UK life insurer
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Phoenix in talks to acquire Abbey Life
16 September 2016Major deal in the works for closed life insurer
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Phoenix restructuring will eliminate offshore subsidiary
25 August 2016Simplified structure will be better suited to Solvency II
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Phoenix to buy Axa's SunLife and Embassy businesses for £375m
27 May 2016Funds deal with new shares and debt facility