Phoenix Group (formerly Pearl Group, LSE: PHNX, Euronext: PGH) is one of the largest providers of insurance services in the United Kingdom.
It is listed on the London Stock Exchange and Euronext.
The Company was founded in 1857 as The Pearl Loan Company and operated from the Royal Oak Public House opposite the Whitechapel Bell Foundry.
It changed its name to The Pearl Assurance Company in 1914.
In 1990 it was acquired by the Australian insurance group, AMP, and then in 2003 Pearl, NPI and London Life were demerged from AMP to become part of HHG.
In 2005 the business was bought from HHG by Sun Capital Partners (a business in which Hugh Osmond is a leading partner) and TDR Capital.
Then in 2008 Pearl acquired Resolution plc (including its Phoenix Insurance business).
In June 2009 the business was acquired by the Liberty Acquisition Holdings (International) Company (a vehicle controlled by billionaire Nicolas Berggruen) which subsequently changed its name to Pearl Group.
On 15 March 2010, Pearl Group changed its name to Phoenix Group Holdings.