Life
Irish health insurer Vhi enters life sector with Zurich
Ireland’s state-owned insurer, Vhi Group, the country’s largest health insurer, has entered the life insurance market after joining forces with Zurich Insurance.
Zurich enters takaful insurance with Malaysia’s MAA buy
Zurich Insurance is poised to buy Malaysia’ MAA Takaful after receiving regulatory approval.
Axa Isle of Man sold, consolidator sets out new strategy
Axa has agreed to sell its Isle of Man-based operation to specialist M&A firm Life Company Consolidation Group (LCCG), which plans to continue “successful relationships” with Axa’s offshore bond business in Dublin.
Old Mutual’s EM units could be listed in S Africa
Old Mutual Emerging Markets, one of four units the UK-headquartered financial services giant plans to spin off, may be listed on the Johannesburg stock exchange.
UK outlines how new secondary annuities market will work
The UK government has set out the rules and regulation for its planned secondary annuities market which will allow holders to sell their scheme back to a provider or onsell the income stream to an FCA-authorised buyer.