axa hsbc property and casualty insurance
An alliance between Paris-based insurance giant Axa and London-based global banking giant HSBC, in the area of property and casualty (P&C) insurance, has moved forward, with the completion of Axa’s acquisition of the bank’s P&C operations in Hong Kong and Singapore.
Tax & Regulation | 2 Nov 12
guernsey unveils rdr consultation
Guernsey is asking islanders and island business leaders whether it should adopt a Retail Distribution Review similar to that about to take effect in the UK.
resolution in discussions on possible sale
Resolution Ltd has confirmed that its Friends Life subsidiary is “in discussions on the possible sale of its 30% stake in AmLife Insurance Berhad and AmFamily Takaful Berhad” back to its partner in the joint venture arrangement, Kuala Lumpur-based AmBank Group.
Middle East | 1 Nov 12
standard chartered moves into shariah space
Standard Chartered is expanding its Shariah banking operations in the United Arab Emirates and Bahrain, just a few weeks after HSBC announced it would be pulling out of the region.
liontrust launches offshore special sits
Liontrust is launching an offshore version of Anthony Cross and Julian Fosh’s flagship special situations fund, seven years after the original vehicle was unveiled.