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
Woman jailed for faking own death in £140k life insurance scam

Woman jailed for faking own death in £140k life...

A mother and her son have been convicted of insurance fraud by UK police after the pair faked the mother’s death in Zanzibar to claim £140,000 ($174,387, € 163,557) on her life policy.

Published : 13, Jul 2017
Zurich underlines commitment to Middle East after Cigna deal

Zurich underlines commitment to Middle East after...

Zurich’s Middle East business has said it will continue to sell life policies in the region following the sale of its general insurance unit to healthcare provider Cigna.

Published : 13, Jul 2017
Sony Life to set up shop in Singapore's insurance market

Sony Life to set up shop in Singapore's insurance...

Japan’s Sony Life Insurance has announced it plans to open dozens of locations in Singapore’s malls where it will offer clients policies from multiple insurers.

Published : 11, Jul 2017
Singapore watchdog restores ‘mystery shoppers’ for advisers

Singapore watchdog restores ‘mystery shoppers’...Lock icon

The Monetary Authority of Singapore (MAS) will be sending mystery shoppers to financial advisers as part of its efforts to boost enforcement, according to Merlyn Ee, the regulator’s executive director for capital markets intermediaries.

Published : 10, Jul 2017
MetLife shuts UK wealth management arm to new business

MetLife shuts UK wealth management arm to new...

MetLife UK is closing its range of third-way "wealth management" retirement products to new business citing the ongoing low interest rate environment.

Published : 7, Jul 2017
Standard Life adds offshore bond to Elevate platform

Standard Life adds offshore bond to Elevate platform...

Standard Life has announced that its offshore bond will now be available on the UK insurer’s adviser platform business Elevate.

Published : 5, Jul 2017
Asia Pacific insurers face widening investment return gap

Asia Pacific insurers face widening investment...

Insurance companies across the Asia Pacific region face a growing gap between investment returns and meeting the promises made to customers, according to a survey released by Standard Life Investments (SLI).

Published : 3, Jul 2017
Utmost adds two offshore bonds with Axa Life acquisition

Utmost adds two offshore bonds with Axa Life acquisition...

Utmost Wealth Solutions has added two Dublin-based offshore bonds to its range following the completion of its acquisition of the investment bond business of Axa Life Europe.

Published : 3, Jul 2017
IoM regulator scraps January 2018 commission disclosure

IoM regulator scraps January 2018 commission disclosure...Lock icon

UPDATED: Insurers headquartered on the Isle of Man will no longer have to provide customers with generic information about commissions and fees from 1 January 2018 after the island’s regulator scrapped its plans, in a move welcomed by the industry.

Published : 30, Jun 2017
UK the top exporter of insurance and pensions worldwide

UK the top exporter of insurance and pensions...

Britain is the world’s leading exporter of insurance and pension savings products, selling £13bn (€14.7bn, $16.8bn) to the rest of the world, according to latest figures released by the Association of British Insurers (ABI).

Published : 30, Jun 2017
Life insurance in Thailand set for record growth

Life insurance in Thailand set for record growth...

Life insurance in Thailand is set to grow at a rapid rate of 10% a year over the next decade driven by an ageing population, according to Allianz.

Published : 28, Jun 2017
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

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