Life
Axa Life Europe sold in €1.2bn deal
French insurance giant Axa is to sell its Dublin-based closed book life business to private equity firm Cinven in a deal worth €1.17bn (£1.1bn, $1.4bn).
How to spot a dodgy life insurance contract
Small advice firms could face tougher anti-money laundering (AML) safeguards under a regime drafted by the Financial Action Task Force (FATF), which has published a series of red flags for suspicious insurance contracts.
How can a ‘closed’ insurer be open for business?
Phoenix is widely known as a closed fund consolidator, but chief executive Andy Moss argues that this, in many ways, is a misnomer. In this article, he explains why the recent transaction with Standard Life Aberdeen is a “win-win”.
Zurich disputes UAE life insurance cost disparity claims
Zurich Insurance has played down grumblings from some IFAs in the UAE that they are not being treated fairly by the firm’s strategy of distributing its life products through both bank and financial adviser channels.
Old Mutual and Friends Provident hit back after court threat
Threats of legal action against Old Mutual International for allegedly mis-selling high-risk investments are not coming from a law firm but a “claims farmer trying to generate publicity”, a spokesperson for the insurer told International Adviser.