Companies
FPI deal helps Aviva to boost Asian growth
UK insurance giant Aviva said overall operating profit from its life and general insurance and health businesses across Asia grew to £238m in 2015, up from £85m the previous year, in part due to a big contribution by Friends Provident International.
Barings to become giant global fund after MassMutual mergers
MassMutual, a major US-based mutual life insurance company, has announced a $260bn (£183bn) merger of four asset management affiliates which will be combined under the Barings brand.
Budget concerns drive UK Sipp contributions up in February
Concerns around the upcoming UK budget saw consumers making the most of their pension benefits in February with self-invested personal pension (Sipp) contributions up by 203% compared with the same month last year.
Asia drives Prudential sales growth
Despite a challenging economic environment, Prudential ended 2015 with new business sales up 17%, helped by a 26% growth in its Asian operations.
Zurich buys Australian Life business from Macquarie Group
Zurich Australia, part of Zurich Insurance Group, said it has reached a deal with the Macquarie Group to buy its Australian life insurance business for an undisclosed sum.