Insurer Phoenix sees upbeat performance on demand
August 16, 2022 00:00:00
Phoenix Group on Monday forecast annual cash generation at the top end of its expectations, as robust demand in pension-related policies and higher interest rates helped the insurer post a modestly better-than-expected half-year profit, reports Reuters.
Insurers across the board have recovered ground since 2021 after being hit by tepid business and pandemic-induced market volatility.
