Exhibit 99.1 NEWS RELEASE [LOGO]PHOENIX For Immediate Release One American Row PO Box 5056 Hartford CT 06102-5056 www.phoenixwm.com Contacts: Media Relations Investor Relations Alice S. Ericson, 860-403-5946 Peter A. Hofmann, 860-403-7100 Alice.ericson@phoenixwm.com pnx.ir@phoenixwm.com George Aylward Named President of Phoenix Investment Partners Hartford, CT, November 9, 2006 - The Phoenix Companies, Inc. (NYSE:PNX) announced that it had named George R. Aylward, CPA, president of Phoenix Investment Partners, its asset management subsidiary, effective immediately; he will remain chief operating officer of that business. He will report to Dona D. Young, chairman, president and chief executive officer, The Phoenix Companies. "George has a strong history in the asset management business both at Phoenix and at PricewaterhouseCoopers. He has played a lead role in the fundamental restructuring of this business and has had day-to-day responsibility for executing its strategy since the fall of 2004, during which time we made meaningful progress in many aspects of the business. George is the right leader to drive the business going forward," Mrs. Young said. "George and his team will continue to execute the strategy, making Asset Management a consistently profitable contributor to Phoenix." Mr. Aylward will replace Daniel T. Geraci who is leaving the company to devote time to other interests. Mr. Geraci plans to serve as an advisor to assist in a transition until January 2, 2007. Mr. Aylward, 42, joined Phoenix in 1996 and served in several senior financial positions in its Asset Management business until the fall of 2002 when he became chief of staff to Mrs. Young. He served in that capacity until the fall of 2004 when he was named senior vice president, chief operating officer, Asset Management. Mr. Aylward received his undergraduate degree from the University of Connecticut, and holds an MBA from the University of Massachusetts.With roots dating to 1851, The Phoenix Companies, Inc. (NYSE:PNX) helps individuals and institutions solve their often highly complex personal financial and business planning needs through its broad array of life insurance, annuities and investments. The company's products and services reflect deep insights into the wants and needs of consumers and financial professionals gleaned from research, including its Phoenix Wealth Survey, conducted annually since 1999. Phoenix has been recognized for its people-friendly programs by Working Mother magazine, the National Association of Female Executives and The Princeton Review. In 2005, Phoenix had annual revenues of $2.6 billion and total assets of $27.7 billion. For more information, visit www.phoenixwm.com. # # #
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Phoenix Companies (PNX) Inactive 8-KEntry into a Material Definitive Agreement
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