Life
MetLife wins ‘too big to fail’ US court bid
US-based life insurance company MetLife saw its share price rise 5% after a judge ruled that the government’s decision to label it a systemically important financial institution (SIFI) be withdrawn.
Big insurer pullback from markets creating opportunity for others
Smaller international life companies are reporting a big pickup in activity as regulatory pressures and new technology drive the major players to restructure operations to focus on core strengths and markets, industry observers said.
Alternatives | 24 Mar 16
Life industry needs 21st century solutions – ITA’s Phil Story
The head of distribution for Investors Trust Assurance (ITA), Philip Story, says life companies are in need of 21st century solutions to meet the changing demands of today’s clients.
Phoenix swoops in on Abbey Life
Closed book pension provider Phoenix Group is reportedly making a move on Deutsche Bank’s UK insurance unit, Abbey Life.
Old Mutual to break into 4 new businesses
South African financial services group Old Mutual has decided to break up its business into four separate units as it believes they will perform better independently.