Company Overview

On May 17, 2024, Connecticut Insurance Commissioner Andrew N. Mais filed in the Connecticut Superior Court, Hartford Judicial District, a Petition for Rehabilitation and Appointment of the Commissioner as rehabilitator of PHL Variable Insurance Company (PHL) and its subsidiaries, Concord Re, Inc., and Palisado Re, Inc. On May 20, the Superior Court entered an order placing the companies into rehabilitation proceedings and appointing Commissioner Mais as the statutory rehabilitator in accordance with the Connecticut Insurers Rehabilitation and Liquidation Act. The companies consented to the rehabilitation.

PHL, which is licensed in all states except New York and Maine, is a Connecticut-domiciled insurance company that issued life insurance and annuity products and related supplemental contracts. Concord and Palisado are captive insurance companies whose only business is the reinsurance of PHL’s liabilities.

For more information, please refer to the Connecticut Insurance Department website or the Frequently Asked Questions in the Additional Resources section below.

Company Details

NAIC Number: 93548

An NAIC number is a five-digit number assigned to every insurance company by the NAIC (National Association of Insurance Commissioners). Because each company has its own unique number, the NAIC number can be used to identify a particular company.

Domiciliary State: Connecticut

The domiciliary state is the state in which an insurance company is incorporated or organized.

Rehabilitation Date: May 20, 2024