Phoenix/ReAssure
Transaction details
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.
Case details
- Notification date:27 March 2020
- Publication date:27 March 2020
- Economic sector:Financial and insurance services - L
- Economic sub-sector:Insurance and pension services - L.65
- Outcome:Cleared
Documents
M.20.013 Merger AnnouncementPDF | 244 KBM.20.013 Merger Announcement PDF | 244 KB - Opens in new window
M.20.013 DeterminationPDF | 193 KBM.20.013 Determination PDF | 193 KB - Opens in new window
Timetable
Parties Involved
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.
Contacts
Susan Whelan susanwhelan@ccpc.ie
