New entrant Singapore Life receives licence to target HNWs

New entrant Singapore Life receives licence to...

New insurer Singapore Life has become the first local insurer in nearly half a century to receive a licence from the Monetary Authority of Singapore (MAS) to operate as a direct life insurer.

Published : 14, Jun 2017
Bob Pain steps down as chairman of Investors Trust Assurance

Bob Pain steps down as chairman of Investors Trust...Lock icon

Bob Pain has resigned as chairman of the board of Cayman Island-based international life company Investors Trust Assurance SPC as of 1 June 2017.

Published : 9, Jun 2017
Zurich to support UAE advisers adapt to regulatory changes

Zurich to support UAE advisers adapt to regulatory...

Zurich has launched a programme to help financial advisers and intermediaries in the UAE prepare for and implement the upcoming regulatory changes to the country’s life insurance industry.

Published : 6, Jun 2017
IoM considers changes to commission disclosure rule

IoM considers changes to commission disclosure...Lock icon

The Isle of Man financial services regulator is considering scrapping broad commission disclosure requirements for life companies headquartered on the island, in favour of implementing policyholder-specific disclosures by 2019, according to industry sources.

Published : 5, Jun 2017
Indonesia’s life premiums jump 28% in Q1

Indonesia’s life premiums jump 28% in Q1

Premiums in the Indonesian life industry soared by 28% in the first quarter of this year, compared to the same period in 2016, according to latest data released from the Financial Services Authority (OJK).

Published : 31, May 2017
Lombard Int’l unveils joint venture life company in Mexico

Lombard Int’l unveils joint venture life company...

Lombard International is to launch a joint venture life company in Mexico in partnership with locally-based wealth management firm Akaan.

Published : 30, May 2017
Sharp fall in premiums bite Japan’s ‘top four’ life insurers

Sharp fall in premiums bite Japan’s ‘top four’...

Japan's four largest life insurers have reported a 16% decline in combined domestic premium income in the fiscal year ending 31 March 2017.

Published : 26, May 2017
South Africa's Investec to expand into life insurance

South Africa's Investec to expand into life insurance...

South Africa-headquartered asset manager Investec has announced it will expand into offering life insurance to its clients.

Published : 22, May 2017
Asia and Middle East spur 11% growth for RL360°

Asia and Middle East spur 11% growth for RL360°...Lock icon

Isle of Man-based RL360° reported a spike in new business growth of 11% in 2016, driven strong sales of regular premium plans in Asia, Latin America and the Middle East.

Published : 18, May 2017
UAE unveils crackdown on banks selling insurance policies

UAE unveils crackdown on banks selling insurance...

The UAE Central Bank is cracking down on insurance products sold via banks after receiving a growing number of mis-selling complaints.

Published : 18, May 2017
A different breed of expat seeking international healthcare

A different breed of expat seeking international...

New types of internationally mobile people are fuelling demand for global healthcare benefits rather than the more traditional expat profile, according to Tom Winfield, Bupa Global head of intermediary relationships.

Published : 11, May 2017
Generali sets out fresh plans for asset management expansion

Generali sets out fresh plans for asset management...

Generali unveiled a fresh push into asset management and said it will bolster its fee-based business, after reporting a 9% fall in first-quarter profits on Thursday.

Published : 11, May 2017
Sales of life policies in Singapore up 20% in Q1

Sales of life policies in Singapore up 20% in...

Singapore’s life insurance industry is off to a strong start, driven by growth in single premium and annual premiums policies which saw weighted new business premiums soaring by 20% compared to the same period last year.

Published : 11, May 2017
Brooks Macdonald inks key DFM deal with Hansard International

Brooks Macdonald inks key DFM deal with Hansard...Lock icon

Brooks Macdonald’s international division has linked up with Hansard International to offer advisers the opportunity to access the Jersey-based wealth and asset manager’s full discretionary fund management offering.

Published : 10, May 2017
 Aviva to reduce Spanish presence with €475m life unit sale

Aviva to reduce Spanish presence with €475m life...

Aviva will sell interests in two bancassurance agreements and a life business to Santalucia, raising €475m (£403m, $517m), as the UK insurer looks to wind down its operations in Spain.

Published : 10, May 2017
Standard Life posts £5m loss in Hong Kong amid global job cuts

Standard Life posts £5m loss in Hong Kong amid...Lock icon

Standard Life lost £5m (€5.9m, $6.4m) last year from its wholly-owned business in Hong Kong as it confirmed that more than 800 jobs will be lost after it merges with Aberdeen Asset Management.

Published : 10, May 2017
Zurich signs 10-year UAE deal with Standard Chartered

Zurich signs 10-year UAE deal with Standard Chartered...

Zurich Life International has signed an “exclusive” 10-year distribution agreement with Standard Chartered in the United Arab Emirates (UAE).

Published : 8, May 2017
Generali PanEurope cuts commission on ‘loss making’ product

Generali PanEurope cuts commission on ‘loss making’...Lock icon

Dublin-based Generali PanEurope has announced plans to cut the upfront commission by a third on its Vision regular savings plans which have terms of less than 10-years.

Published : 5, May 2017
EEA 'death bond' investors receive $54.5m payout

EEA 'death bond' investors receive $54.5m payout...Lock icon

Investors in the ill-fated EEA Life Settlements Fund will receive a $54.5m (£42.1m, €49.9m) payout for their shares in the so-called ‘death bonds’.

Published : 4, May 2017
Pacific Insurance unit buys stake in Chinese asset manager

Pacific Insurance unit buys stake in Chinese asset...

China Pacific Insurance Co. (CPIC), the country's third largest life insurer, has bought a 51% stake in Chinese fund management company GTJA Allianz Fund Management and will share ownership of the firm with Germany's Allianz.

Published : 2, May 2017

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