Phoenix has agreed to sell Ark Life Assurance Group (ALAG) – acquired as part of Phoenix's acquisition of ReAssure in 2020 – to Dublin-based pensions and life assurance firm Irish Life Group for £197m .
ALAG represented £1.8bn assets under administration (AUA) within the firm's heritage division; it is a closed book business made up of heritage savings and protection products in Ireland. Phoen...
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