UK advisers spur growth in Royal London’s life and pensions

UK advisers spur growth in Royal London’s life...

Royal London has reported a 28% rise in new life and pensions business to £8.6bn (€9.9bn, $10.6bn), driven by strong sales from UK financial advisers.

Published : 30, Mar 2017
UAE could face a ‘Hong Kong-style’ life sales slump

UAE could face a ‘Hong Kong-style’ life sales...Lock icon

Asia has traditionally been the principal market outside the UK for international life business but growth in sales from the two key regional hubs of Hong Kong and Singapore has come to a halt, says Provisca founder Bryan Low.

Published : 30, Mar 2017
Standard Life cuts Asia insurance profile with Hong Kong sale

Standard Life cuts Asia insurance profile with...Lock icon

Standard Life has agreed to sell its wholly-owned Hong Kong life operation to its Chinese joint venture company Heng An Standard Life Insurance Company (HASL), underlining its move towards an investment-led business focus.

Published : 29, Mar 2017
 India’s largest bank to sell life unit stake in IPO listing

India’s largest bank to sell life unit stake in...

India's largest lender, the State Bank of India (SBI), has announced that it is looking to sell a 10% stake in a life insurance joint venture with SBI Life, as it prepares to launch an initial public offering (IPO).

Published : 28, Mar 2017
FPI up for sale with Utmost Wealth 'in the running'

FPI up for sale with Utmost Wealth 'in the running'...Lock icon

Friends Provident International is up for sale with Utmost Wealth Solutions as the ‘most likely’ buyer, according to a source close to International Adviser.

Published : 28, Mar 2017
RL360° launches new tablet app aimed at Quantum product

RL360° launches new tablet app aimed at Quantum...

RL360° has launched a new tablet app which will allow applications to the life insurer’s flagship regular premium savings product, RL360° Quantum, to be submitted online.

Published : 27, Mar 2017
Life insurance business in Hong Kong up nearly 50% last year

Life insurance business in Hong Kong up nearly...Lock icon

Life insurance and annuity business in Hong Kong increased by 49% in 2016 to HK$179.1bn (£18.4bn, $23bn, €21.3bn), latest figures released by the Office of the Commissioner of Insurance (OCI) show.

Published : 27, Mar 2017
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

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FPI up for sale with Utmost Wealth 'in the running'
FPI up for sale with...Lock icon

Friends Provident International is up for sale with...

UK/UAE treaty allows expats to cash out pensions tax free
UK/UAE treaty allows...Lock icon

A new UAE-UK double tax treaty, which came into force...

Italy introduces non-dom tax breaks to lure wealthy foreigners
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Standard Life cuts Asia insurance profile with Hong Kong sale
Standard Life cuts Asia...Lock icon

Standard Life has agreed to sell its wholly-owned Hong...

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