Life
Lombard Int’l hits high with €4.5bn in new business sales
Global high net worth life provider Lombard International saw its new business premiums rise to a record €4.5bn (£3.85bn, $4.78bn) over the last year, on the back of cited geographical expansion and strategic acquisitions.
OMI’s Kenny on the high net worth ‘sweet spot’
Peter Kenny of Old Mutual International talks to International Adviser about the Isle of Man-based life company’s move into the high net-worth arena and the challenges and opportunities to come.
Old Mutual ‘planning to exit’ China via joint venture sale
Old Mutual is reportedly pulling out of China after putting its stake in a joint venture with a local life insurer up for sale.
Two charged in fake death scam to claim life insurance
A woman and her son have been charged with fraud by UK police for conspiring to fake the mother’s death in Zanzibar in an attempt to claim £140,000 ($174,387, € 163,557) in life insurance.
HSBC Singapore becomes a ‘direct life insurer’
HSBC Insurance (Singapore), the life insurance arm of the banking giant, is officially a Tier 1 insurer under rules set out by financial services regulator.