Archive

Phoenix chair takes up role as Lord Mayor

Gilts crash: a boon out of a crisis for insurers

Another day, another UK financial market crash. But while it has gone wrong for British politics and pension funds, the current crisis may actually benefit insurers in the long run. Ronan McCaughey and Sarfraz Thind report

Plenty of runway left for life consolidation in Europe

The business of consolidating life insurance portfolios is looking healthy, according to participants, as inflation provides a catalyst and supervisors become more familiar with transactions. Joshua Geer reports

Double-edged sword for UK insurers as mini-budget spooks markets

British gilt yields surge, and pound falls sharply, as Chancellor Kwasi Kwarteng unveils tax cuts

Solvency II reforms not about capital release, says Phoenix CEO

Andy Briggs says matching adjustment eligibility is more important issue

Phoenix's IFRS 17 spend hits £47m in H1

Disclosure on impacts expected next year

Standard Life completes £1bn bulk annuity buy-in deal

Life back-book consolidators shrug off threat from rising rates

Rising interest rates are unlikely to stop life insurers from selling their legacy liabilities to consolidators, as many other incentives for doing deals remain. David Walker reports

Phoenix buys Sun Life UK

Rishi Sunak meets UK annuity writers, promises speedy reform to Solvency II

Finance ministry acknowledges complexity of changes