Phoenix Group on the hunt for next takeover deal amid speculation of more breakups in the insurance sector
Phoenix Group chief exec Andy Briggs (pictured)
Phoenix Group’s boss said the business is ‘ready to look’ for its next takeover deal with speculation rife of more break-ups in the industry.
Andy Briggs, chief executive of the FTSE 100 insurance and retirement giant, estimated the UK market has around £480billion of so-called ‘closed book’ assets ‘split around a number of different players.’
Closed books are insurance policies…