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
Old Mutual exits India with sale of joint venture life stake

Old Mutual exits India with sale of joint venture...

Old Mutual is pulling out of its joint venture life company in India by selling a 26% stake for a net cash sum of £141m ($182m,€167m).

Published : 28, Apr 2017
UAE to push ahead with major life industry overhaul

UAE to push ahead with major life industry overhaul...Lock icon

The main regulator of life companies in the UAE has confirmed it will go ahead with a ban on indemnity commissions, limits to fees and charges on industry products and tighter rules on financial advisers.

Published : 27, Apr 2017
Royal London offers ‘pioneering’ life cover for diabetics

Royal London offers ‘pioneering’ life cover for...

UK insurance giant Royal London has created life cover specifically designed for people with Type 1 and Type 2 diabetes, which the life insurer describes as a first for the British protection market.

Published : 25, Apr 2017
Bangladesh life market forecast to grow by $1.5bn

Bangladesh life market forecast to grow by $1.5bn...

Bangladesh's life insurance market is likely to expand by $1.5bn (£1.2bn,€1.4bn) in the next three to four years, according to Chris Townsend, MetLife's Asia president.

Published : 25, Apr 2017
Aviva takes full control of Vietnam life company joint venture

Aviva takes full control of Vietnam life company...

Aviva’s life insurance joint venture in Vietnam has become a wholly-owned subsidiary after the UK insurer acquired the entire 50% share capital of its former partner, VietinBank.

Published : 21, Apr 2017
Old Mutual, Nedbank, Sanlam hit by South Africa’s junk status

Old Mutual, Nedbank, Sanlam hit by South Africa’s...

South Africa’s credit rating downgrade to junk status has had an inevitable knock-on effect on the country’s life insurers and banks, including Nedbank, Old Mutual and Sanlam.

Published : 12, Apr 2017
Lombard Int’l hits high with €4.5bn in new business sales

Lombard Int’l hits high with €4.5bn in new business...

Global high net worth life provider Lombard International saw its new business premiums rise to a record €4.5bn (£3.85bn, $4.78bn) over the last year, on the back of cited geographical expansion and strategic acquisitions.

Published : 11, Apr 2017

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