Life
Deutsche Bank sells Abbey Life to Phoenix Group
Deutsche Bank has confirmed that it is to sell its Abbey Life business to closed book life and pension provider Phoenix Life Holdings, for £935m (€1.08bn, $1.21bn).
Best Practice | 27 Sep 16
Five views on how int’l life offices can grow market share
How will international life companies retain and build on their market share of the financial services industry in the years ahead?
Zurich buys Macquarie Life’s risk business
The Federal Court of Australia has approved the transfer of Macquarie Life’s risk insurance portfolio to Zurich Australia, a move that will see the Swiss firm become Australia’s fourth biggest retail insurer in the IFA segment.
Prudential’s Gerry Brown to retire after 40-year career
Prudential’s tax industry stalwart Gerry Brown has announced he will retire at the end of the month following a 40-year career in offshore financial services.
Aegon sells Ukraine life business, exits market
Aegon has agreed to sell its Ukrainian life business to local insurance firm TAS Group, a move that will see the Dutch insurer exit the market after less than four years.