Companies
Zurich’s net profit surges as Greco turnaround gains pace
Zurich Insurance has posted a massive increase in its third quarter net profit and strong growth over the first nine months of 2016 as the company’s efficiency drive under new chief executive Mario Greco bears fruit.
Prudential sells Korean life insurance business to Mirae
Prudential has agreed to sell its life insurance subsidiary in Korea to Mirae Asset Life Insurance for KRW170bn (£119m, $148m, €134m).
Generali life premiums tumble despite strong Q3 results
Italy’s largest insurer Generali reported a 4.5% drop in premiums in its life unit in the last nine-months but said performance in the life insurance improved in the third quarter.
Further charges levied against Lumiere Wealth’s Chris Byrne
The founder and managing director of defunct Jersey-based IFA firm Lumiere Wealth, Christopher Byrne, is facing further charges relating to making false promises to persuade someone to invest.
Canada’s CI Financial buys majority stake in Australian firm
CI Financial Corp is to acquire an 80% stake in Australian investment fund manager Grant Samuel Funds Management (GSFM), in a move that will see the Canadian wealth manager also gain access to New Zealand.