Life
European cross-border life sector encounters post pandemic head winds
In 2023 the leading three markets were once again Italy, France and Germany
Legal & General sells CALA Group for £1.35bn as part of strategic ‘sharper focus’
The transaction is expected to complete in Q4 2024
‘Perfect Storm’ impacts global cross-border life sector in 2023
The Europe ex-UK region regularly accounts for around two-thirds of all the global cross-border new life business
Utmost grows AUA and value of new business despite challenging markets
Strong growth saw VNB grow by 19% from HY 2023 to £25m
HSBC Life adds value with wellbeing benefits for policyholder partners
In addition, dependents aged 16-23 will be eligible for mental health services