Life
Life offices fight for survival post commission disclosure
Proposals that could significantly change how insurance companies operate in the UAE stand to benefit Isle of Man-based life companies over the longer term, according to key industry figures on the island.
HMRC, the Lobler case and 5% offshore bonds
Looking back on 2016, one of the biggest stories of the year was the HM Revenue & Customs proposals to overhaul part surrender and part assignment of life insurance policies in response to the 2007 case of Dutch national Joost Lobler.
Lombard Int’l welcomes growing complexity in life products
Lombard International Assurance welcomes the increasing complexity in providing cross-border planning solutions for high net-worth families as it is their bread and butter, and one of the reasons the company has grown so successfully over the years.
Old Mutual prices shares in asset management unit
Old Mutual has announced a public offering of 13 million ordinary shares in New York-listed Old Mutual Asset Management (OMAM), as moves towards breaking its business into four separate units.
China to crack down on ‘barbaric’ life insurers
China’s insurance regulator is to introduce measures aimed at curbing the investment activities of life insurers following a string of high-profile suspensions over stock market speculation.