Critical illness cover the next big opportunity for advisers

Critical illness cover the next big opportunity...Lock icon

Imagine your client owned a goose that laid a golden egg every month, says Chris Bagnall, chief underwriting officer and head of claims at Zurich International Life.

Published : 24, Mar 2017
Hong Kong Life Insurance sold in $914m deal

Hong Kong Life Insurance sold in $914m deal

Hong Kong Life Insurance has been sold to local investment firm First Origin International for HK$7.1bn (£738m, $914m, €850m) in the latest insurance M&A deal in the special administrative region.

Published : 22, Mar 2017
Phoenix Group on growing and consolidating its brood

Phoenix Group on growing and consolidating its...Lock icon

Having bought Axa Wealth and Abbey Life in 2016, Phoenix Life chief executive Andy Moss tells International Adviser about the group's consolidation history and how it brings all of its new business on board.

Axa Wealth and Abbey Life acquisitions drive Phoenix growth

Axa Wealth and Abbey Life acquisitions drive Phoenix...

Phoenix Group is eyeing further acquisitions after Abbey Life and Axa Wealth added £22bn ($27.3bn, €25.4bn) in assets under management and more than 1.6 million policies to the life company consolidator’s books in 2016.

Published : 20, Mar 2017
Generali delivers solid results as life business improves

Generali delivers solid results as life business...

Italian insurer Generali Group described its 2016 results as “excellent”, benefitting from “very strong net inflows” in its Life segment, an earlier cost cutting exercise, and a change in the product mix of its domestic business.

Published : 16, Mar 2017
Old Mutual Int’l focuses on ‘select group’ of Swiss-based IFAs

Old Mutual Int’l focuses on ‘select group’ of...

Old Mutual International has confirmed that it has altered its distribution strategy in Switzerland to focus on a more “select group of expat IFAs”, contradicting industry reports that it was pulling out of the market altogether.

Published : 16, Mar 2017
UAE and Saudi Arabia life industry face consolidation says S&P

UAE and Saudi Arabia life industry face consolidation...

Regulatory pressures and fierce competition will lead to significant consolidation of the life industry in the UAE and Saudi Arabia over the next two years, according to a report by S&P Global Ratings.

Published : 15, Mar 2017
What future for life companies in asset management?

What future for life companies in asset management?...

Given the mixed fortunes of life companies, can they handle the tough balancing act of asset management?

Published : 9, Mar 2017
Old Mutual Int’l posts solid results as managed funds rise

Old Mutual Int’l posts solid results as managed...

Old Mutual International has posted a slight rise in pre-tax adjusted operating profit for 2016 despite difficult market conditions, helped by healthy 18% rise in funds under management.

Published : 9, Mar 2017
Singapore life industry must tackle ‘poor advice practices’

Singapore life industry must tackle ‘poor advice...

Life companies in Singapore must do more to improve the business culture within their organisation following a number of mis-selling cases involving poor or inappropriate financial advice, a senior official from the Monetary Authority of Singapore (MAS) has said.

Published : 8, Mar 2017
Standard Life and Aberdeen agree to £11bn merger

Standard Life and Aberdeen agree to £11bn merger...

Standard Life and Aberdeen Asset Management have agreed to merge in an astonishing £11bn (€12.7bn, $13.5bn) deal, following a weekend of intense talks.

Published : 6, Mar 2017
Canaccord Genuity expands in IoM with Duncan Lawrie deal

Canaccord Genuity expands in IoM with Duncan Lawrie...

Canaccord Genuity Wealth Management, part of Canada-based financial services group Canaccord, has bolstered its presence in the Isle of Man by snapping up more than 100 client portfolios from former wealth manager Duncan Lawrie Private Bank.

Published : 3, Mar 2017
Regulations to revamp Malaysia’s life sector, says Zurich

Regulations to revamp Malaysia’s life sector,...

Malaysia’s life insurance industry, traditionally dominated by agency business, is set to see “rapid changes” once the country brings wide-ranging regulatory measures, according to Philip Smith, chief executive of Zurich Malaysia Bhd.

Published : 2, Mar 2017
Life companies 'hiding' behind the Law of Agency

Life companies 'hiding' behind the Law of Agency...Lock icon

Life companies should better vet their advisers rather than hide behind the Law of Agency and claim they are not involved in any mis-selling that occurs, says Simon Willoughby, head of proposition at Utmost Wealth Solutions.

Published : 1, Mar 2017
Aetna Int’l targets expats in Canada with new offices

Aetna Int’l targets expats in Canada with new...

Aetna International is spearheading an expat push into Canada with plans to unveil a string of new offices across the country.

Published : 28, Feb 2017
Axa reports record revenues as CEO rules out Generali bid

Axa reports record revenues as CEO rules out Generali...

French insurer Axa said revenues crossed the €100bn (£84bn, $105bn) mark for the first time in the company’s history as chief executive Thomas Buberl distanced himself from a bid for Generali’s German life insurance business.

Published : 23, Feb 2017
Average life expectancy on the rise around the world

Average life expectancy on the rise around the...Lock icon

Average life expectancy in high income countries such as the UK, Germany, the US, Australia and Canada is set to increase by 2030 while South Koreans are likely to live the longest, according to research published in the British medical journal Lancet.

Published : 22, Feb 2017
China to lift 50% foreign ownership cap on life insurers

China to lift 50% foreign ownership cap on life...Lock icon

China is considering easing the 50% ownership cap on overseas life insurers buying domestic companies in the biggest shakeup of the industry in almost two decades.

Published : 22, Feb 2017
Market opportunity for critical health cover in UAE, Zurich finds

Market opportunity for critical health cover in...

Residents of the UAE are willing to spend more on critical illness insurance cover than the global average, but remain significantly under-insured, according to a new report by Zurich International Life, Middle East.

Published : 20, Feb 2017
OMW launches UK pension allowance calculator for high earners

OMW launches UK pension allowance calculator for...

Old Mutual Wealth has launched a new pension planning calculator, designed to help UK advisers deal with the recent changes to the annual allowance for contributions. 

Published : 17, Feb 2017

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Holborn Assets ordered to immediately cease pension transfers
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Sarah Lord to leave Killik & Co
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