Connecticut regulators court potential buyers for PHL Variable blocks
May 30, 2025 by John Hilton
One year after a Connecticut judge placed PHL Variable Insurance Co. into rehabilitation, the insurer is the subject of a controlled auction.
Thirteen companies are studying confidential financial information as Connecticut regulators pursue the sale or reinsurance of PHL, or its blocks of business.
“It is expected that several of PHL’s lines of business will draw interest from buyers,” reads a new status report from Connecticut Insurance Commissioner Andrew Mais. “These are most likely to include the fixed indexed annuity block, the variable life and annuity business and certain term and whole life business.”
Wink’s Moore on the Market: Got some extra pocket change?
PHL Variable Insurance Co is up for sale.
Thanks for the inside scoop, John Hilton at InsuranceNewsNet! -sjm
