Alice Ericson

Hurricane Irma Impact Update

Lake Mary, FL, Sept. 18, 2017 – Constitution Life has restored all operations in the aftermath of Hurricane Irma.

The company’s Pensacola, FL, service center is operating and available at 1-877-504-3918. Care Coordinators for long term care insurance are available at 1-888-235-9945.

No comments
Alice EricsonHurricane Irma Impact Update
read more

S&P Global Ratings: Phoenix Life Insurance Group Upgraded to ‘BB’; Outlook Stable

S&P Global announced an upgrade in ratings for our companies to ‘BB.’ In the report the firm released, the analysts specifically cited progress in transformation and turnaround plan following acquisition by Nassau Reinsurance Group Holdings, L.P. in 2016. The firm raised its ratings on Phoenix Cos. Inc., Phoenix Life Insurance Co., and PHL Variable Insurance Co. In addition, S&P put the company on stable outlook which “means that we expect Phoenix to improve its operating performance and capitalization metrics through execution of its strategic initiatives.”

No comments
Alice EricsonS&P Global Ratings: Phoenix Life Insurance Group Upgraded to ‘BB’; Outlook Stable
read more

Natixis Arranges Nassau Corporate Credit’s Debut CLO

New York, NY, August 17, 2017 – Natixis recently closed the Nassau 2017-I Ltd., a US$438 million broadly syndicated collateralized loan obligation (CLO) to be managed by NCC CLO Manager LLC, a subsidiary of Nassau Corporate Credit LLC (NCC). The CLO is the debut transaction for the NCC platform and was upsized following strong demand from investors.

No comments
Alice EricsonNatixis Arranges Nassau Corporate Credit’s Debut CLO
read more

Illinois Department of Insurance Bulletin 2017-03

Phoenix has taken appropriate measures to ensure compliance with Illinois Department of Insurance Bulletin 2017-03  issued in response to severe flooding in Illinois.

Phoenix has advised all responsible employees of the bulletin’s requirements and of necessary actions to comply to the extent applicable to our products.

Illinois consumers may contact Phoenix with any disaster-related concerns by calling our service lines:

  • Term and Whole: 1-800-628-1936
  • Variable/Universal Life and Annuities: 1-800-541-0171

Any complaint over a disaster-related dispute or issue may be filed with the Illinois Department of Insurance by calling the Department’s toll free complaint hotline at 1-866-445-5364 or filing online at https://mc.insurance.illinois.gov/messagecenter.nsf.

 

No comments
Alice EricsonIllinois Department of Insurance Bulletin 2017-03
read more

A Snapshot in Time: 1893 Phoenix Life Insurance Policy Surfaces in Texas

Hartford, CT, July 21, 2017 –  When Clyde N. Root, Jr., a former auctioneer in El Paso, Texas, found an old Phoenix life insurance policy in his collection, he graciously donated it to the archives of the company.

The policy, from 1893, offers a snapshot in time for a 19-year-old dry goods clerk in Ohio and a company in Connecticut that had already been in business for more than 40 years.

No comments
Alice EricsonA Snapshot in Time: 1893 Phoenix Life Insurance Policy Surfaces in Texas
read more