Phoenix completed the $4.2bn acquisition of ReAssure Group from Swiss Re.

Phoenix Group, a provider of insurance services, completed the $4.2bn acquisition of ReAssure Group, a life insurance consolidator in the UK, from Swiss Re, a provider of reinsurance services. "I am delighted to confirm completion of the acquisition of ReAssure and would like to extend a warm welcome to our new colleagues joining Phoenix. The transaction marks another significant milestone on Phoenix's growth journey further strengthening the Group's key attributes of cash, resilience and growth and establishing the Group as the UK's largest long-term savings and retirement business," Andy Briggs, Phoenix Group CEO.