Life
Old Mutual Wealth to restructure and adopt Quilter branding
Old Mutual Wealth will operate as Quilter plc, with the international arm based on the Isle of Man becoming Quilter International, once the managed separation of Old Mutual is completed in 2018.
Latest news | 14 Nov 17
STM chief executive released from bail, shares resume trading
STM Group chief executive Alan Kentish, has been released from police bail in Gibraltar without charge, while simultaneously STM subsidiaries have come under regulatory scrutiny.
China to allow full foreign ownership of insurance companies
In a move to grow its status as a major global finance hub, the Chinese government has announced it will raise foreign ownership limits in insurance companies to 51% in three years’ time, while full foreign ownership will be allowed in five years.
Latest news | 13 Nov 17
STM shares suspended, acquires Malta pension firm
Minutes after suspending shares in London, Gibraltar-headquartered STM has said it is going ahead with the acquisition of a Malta pension company.
Lombard Int’l buys HSBC Life Assurance portfolio for €1
HSBC Life Assurance (Malta) has entered into a portfolio transfer agreement with Lombard International Assurance to sell part of one of its insurance portfolios for €1 (£0.89, $1.16).