Lloyds Bank may expand into pensions and wealth management

Lloyds Bank may expand into pensions and wealth...

UK high street bank Lloyds, which owns Scottish Widows, may be about to announce a major push into pension and investment products as part of a three-year growth plan.

Published : 14, Aug 2017
OMI posts sharp rise in Middle East client inflows

OMI posts sharp rise in Middle East client inflows...

Old Mutual International, the offshore arm of Old Mutual Wealth, has seen striking growth in cash inflows from clients in the Middle East during the first half of 2017, according to interim results posted on Friday.

Published : 11, Aug 2017
Aegon sells Irish and Dutch units as Cofunds boosts results

Aegon sells Irish and Dutch units as Cofunds boosts...

Dutch insurer Aegon is selling its Irish offshore bond operation and its Netherlands-based advice business, while a strong boost in earnings from platform Cofunds, according to its latest quarterly report.

Published : 10, Aug 2017
Zurich sees Asia Pacific revival in Q2 life sales

Zurich sees Asia Pacific revival in Q2 life sales...

Zurich Insurance Group reported a double-digit pick-up in growth of its life business across the Asia Pacific region during the second quarter, which helped to offset falling sales in parts of Europe, Middle East and Africa.

Published : 10, Aug 2017
Big jump in offshore bond sales at Canada Life International

Big jump in offshore bond sales at Canada Life...Lock icon

Sales of offshore bonds rose by 60% in the first half of 2017, with new business through Canada Life International’s Isle of Man and Dublin-based offshore businesses hitting £566m ($736m, €626m).

Published : 10, Aug 2017
Zurich's future plans in the Middle East as regulations bite

Zurich's future plans in the Middle East as regulations...Lock icon

A 23-year Zurich veteran, Walter Jopp has travelled around the world during his tenure. With roles in the UK, two stints in the US, Hong Kong and now Dubai, he has pretty much seen it all. Jopp talks to International Adviser about the raft of new regulation sweeping through the UAE and how the life company is busy preparing for the future.

Published : 10, Aug 2017
US life insurance slump shows no signs of abating

US life insurance slump shows no signs of abating...

American life insurance activity continued its downward trajectory and lost further ground in July, an index measuring the industry’s business levels shows.

Published : 9, Aug 2017
Goldman Sachs to sell entire Rothesay Life stake

Goldman Sachs to sell entire Rothesay Life stake...Lock icon

Goldman Sachs has agreed to sell its remaining stake in UK-based life insurer Rothesay Life to MassMutual Life Insurance and to funds managed or advised by investment firm Blackstone and Singaporean fund management company GIC.

Published : 9, Aug 2017
Singapore’s life insurance business up 10% in first half 2017

Singapore’s life insurance business up 10% in...

The life insurance industry in Singapore has reported a growth in sales across both single and annual premium products in the first six months of the year, with premiums collected on new policies jumping 10% to S$1.68bn (£944m, $1.2bn, €1bn) compared to 2016.

Published : 7, Aug 2017
PEOPLE MOVES: Holborn hires CCO as part of big expansion

PEOPLE MOVES: Holborn hires CCO as part of big...Lock icon

Holborn Assets is planning to expand across the Middle East and Asia over the next 12 months, while Schroders has created a new sales director role for the Middle East. A Manulife insurance salesperson in Hong Kong has been added to the Guinness Book of World Records for his astonishingly long career.

Published : 4, Aug 2017
China insurance watchdog denies Anbang asset sale pressure

China insurance watchdog denies Anbang asset sale...

The China Insurance Regulatory Commission (CIRC) has denied asking insurance giant Anbang to sell its overseas assets and bring the proceeds back to China.

Published : 3, Aug 2017
China gov’t tells Anbang Insurance to sell overseas assets

China gov’t tells Anbang Insurance to sell overseas...Lock icon

Chinese authorities have reportedly asked Anbang Insurance Group to sell its overseas assets, which include life insurers in the Netherlands, South Korea, and the United States, as the country's insurance regulator prepares to ramp up its supervision of the sector.

Published : 31, Jul 2017
India’s Reliance Nippon Life eyes M&A for distribution push

India’s Reliance Nippon Life eyes M&A for distribution...

Indian life company Reliance Nippon Life Insurance is looking to expand its distribution network through a series of takeovers of bank-owned life insurers, a top company official told analysts.

Published : 31, Jul 2017
Life insurance sales growth an opportunity for advisers

Life insurance sales growth an opportunity for...Lock icon

Searches and applications for life insurance in the UK have risen over the past year, which contradicts conventional wisdom that in tougher economic and political times like these protection sales take a downturn and creates an opportunity for advisers.

Published : 27, Jul 2017
Zurich Int’l Life adds simplified investment plan to UAE range

Zurich Int’l Life adds simplified investment plan...

Zurich International Life has launched Simple Wealth, a new simplified investment plan that the company says provides an easy way for consumers in the United Arab Emirates to manage and grow their wealth.

Published : 26, Jul 2017
More UK life insurers offering cover to British expats

More UK life insurers offering cover to British...Lock icon

More than a quarter of UK life insurance companies now offer life products to British citizens living abroad, research from Unusual Risks Mortgage & Insurance Services has found.

Published : 24, Jul 2017
Commonwealth Bank positions life business for sale

Commonwealth Bank positions life business for...

The Commonwealth Bank of Australia (CBA) is reportedly looking to sell its life insurance business but the move in not linked to recent regulatory changes requiring the country’s biggest banks to hold billions in extra capital.

Published : 24, Jul 2017
FPI acquisition by RL360° a ‘game changer’ says CEO Kneeshaw

FPI acquisition by RL360° a ‘game changer’ says...Lock icon

Aviva’s decision to sell Friends Provident International (FPI) to RL360° for £340m ($444m, €384m) is “a game changer” for the life insurance industry, David Kneeshaw, chief executive of RL360°, told International Adviser.

Published : 19, Jul 2017
Generali puts $50bn German life book up for sale

Generali puts $50bn German life book up for sale...

Italian insurer Generali has put its $50bn (£38bn, €44bn) closed book German life insurance unit up for sale as part of a worldwide restructure of its European operations, Reuters has reported.

Published : 14, Jul 2017
Prudential enters Nigeria with landmark acquisition

Prudential enters Nigeria with landmark acquisition...

UK insurer Prudential is set to "redefine" the Nigerian life insurance industry after acquiring a majority stake in Zenith Life and forming exclusive bancassurance partnerships with Zenith Bank in Nigeria and Ghana.

Published : 13, Jul 2017

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Big jump in offshore bond sales at Canada Life International
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