M/20/013 – Phoenix/ReAssure
The proposed acquisition by Phoenix Group Holdings plc of sole control of ReAssure Group plc has been cleared by the Competition and Consumer Protection Commission.
|Notification date||Decision date|
|Friday March 27, 2020||Friday, May 8, 2020|
|Parties Involved||Business activities|
|Phoenix Group Holdings plc||
Phoenix Group Holdings plc manages closed life and pension funds. It is also involved in open life insurance by selling new pension policies such as workplace pensions, self-invested personal pensions, over 50s protection policies, and bulk purchase annuities. It operates in the UK, Ireland, Germany and Austria.
Phoenix Group Holdings plc is listed on the London Stock Exchange and is a member of the FTSE 100 index.
|ReAssure Group plc||
ReAssure Group plc comprises the closed book business of the Swiss Re group of companies, the ultimate parent of which is Swiss Re Ltd. The Swiss Re group's principal business comprises the supply of traditional reinsurance services, both life and non-life (general) insurance and reinsurance on a worldwide basis.
|Economic sector||Media merger|
|Financial and Insurance Services||No|
|Submissions from third parties due by:|
|Phase 1||Phase 2|
|Tuesday, April 14, 2020|
|Current status: Completed|
|Preliminary investigation (Phase 1)|
|Authorised Officer Assigned||Contact Details|
Tel: +353 1 470 3651
Media enquiries: email@example.com