Companies
French private bank enters UK wealth space
Banque Transatlantique, part of French banking group Crédit Mutuel-CM11, is launching a wealth management business in the UK.
AIA pays $2.4bn for Aussie and New Zealand life insurers
The Commonwealth Bank of Australia has sold its life insurance businesses in Australia and New Zealand to AIA Group for A$3bn (£1.8bn, $2.4bn, €2bn).
European Wealth CEO departs as losses deepen
The group chief executive of Guernsey-based European Wealth has decided to leave the company a week after announcing he would be taking an indefinite leave of absence and the company reported a loss for the first half of 2017.
Foreign insurers forced to meet Malaysian 70% ownership cap
Insurance companies in Malaysia are looking to sell just under a third of their local businesses to comply with a 70% cap on foreign ownership.
Online insurer ZhongAn eyes life market
Online-only insurer ZhongAn Online Property and Casualty Insurance is planning to offer life insurance and healthcare products to accelerate growth after going public in Hong Kong.




