Phoenix sells Ark Life Assurance for £197m

The sale comes one year on from Phoenix acquiring rival life insurer ReAssure Group

Tom Ellis
clock • 1 min read

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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Tom Ellis
Author spotlight

Tom Ellis

Professional Adviser journalist from 2016-2022

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