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PHL Variable Insurance Company
- Concord – Reinsurer, Golden Gate Capital Holding Company, Nassau, Phoenix,
- portal.ct.gov/cid/phl?language=en_US
- 2024 0517 – LC – INSURANCE COMMISSIONER OF THE STATE OF CONNECTICUT v. PHL VARIABLE INSURANCE COMPANY
- 2024 0520 – Press Release – PHL Variable Insurance Enters Rehabilitation Proceedings – Connecticut Insurance Department and Commissioner Mais act to protect PHL’s policyholders. – No immediate impact on policyholders’ recurring payments – portal.ct.gov/cid/press-releases/2024-press-releases/2024-05-20?language=en_US
- 2024 0522 – ThinkAdvisor.com – Connecticut Puts Phoenix Life and Annuity Issuer in Rehab, By Allison Bell – [link]
- Connecticut Insurance Commissioner Andrew Mais has received approval from a state court in Hartford to put PHL Variable Insurance Co. – the insurer that once wrote the Phoenix Companies’ variable insurance policies and variable annuity contracts – in rehabilitation.
- 2019 1107 – AMBEST – AM Best Downgrades Credit Ratings of PHL Variable Ins Co., Revises Outlooks to Negative for Nassau Financial Group’s Ins Subs – [link]
- 2023 1019 – ThinkAdvisor.com – PHL Variable Sues Its Insurers for Help With Defense Costs, By Allison Bell – [link]
- PHL contends that XL Specialty Insurance, its primary insurer, or its providers of excess insurance coverage should cover the expenses it faced when it responded to two lawsuits over life insurance premium increases. AXA acquired XL Group in 2018, and XL Specialty is now a subsidiary of AXA.
- [Bonk]
- – LC – XL Specialty Insurance Company, Argonaut Insurance Company, Ace American Insurance Company, Starr Indemnity & Liability Company, Axis Insurance Company, Stratford Insurance Company, Ironshore Indemnity, Nc. vs PHL Variable Insurance Company
- 2024 – XL Specialty vs PHL Variable Insurance Company – Complaint For Declarator Relief – 27p
- NATURE & BACKGROUND OF THE ACTION
- 1. This is an insurance coverage action. Plaintiffs bring this action pursuant to Conn. Gen. Stat. 52-29 to confirm that they have no obligations under certain management liability and errors and omissions primary and excess policies of insurance issued to PHL’s parent company, Nassau Financial Group LP (“Nassau”) to provide coverage for two lawsuits filed in 2022, styled
- James Kenney v. PHL Variable Insurance Company Case No. 3:22-cv-552 (D. Conn.) (the “Kenney Action”) and
- Conestoga Trust et al. v. PHL Variable Insurance Company Docket No. HHD-CV22-6157546-S (the “Conestoga Il Action”) (collectively, the “Underlying Actions”).
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