Life
Phoenix Group sells Irish life company for €230m
Deal will ‘simplify our European operations and accelerate cash release’ from the business
Aussie life insurer clients to receive A$35m in compensation
Customers ‘suffered harm’ after they were sold policies over the phone
Westpac sells New Zealand life insurance business
As it enters into a 15-year distribution agreement
AIA buys 25% stake in Chinese life insurer for $1.86bn
Deal allows the group ‘to capture additional distribution channels and customer segments’
Walter Jopp to step down
He has been chief executive of Zurich’s life business in the Middle East for five years