Life
Lombard International targets Asia with new presence and CEO
Luxembourg and Philadelphia headquartered Lombard International is to open offices in Hong Kong and Singapore as a “significant” next step in its global expansion plans, under a new chief executive for the Asia region.
Beechwood acquires Old Mutual Bermuda
Beechwood Bermuda, a provider of international investment plans, has completed its acquisition of Old Mutual (Bermuda), which had insurance and investment products with over $1bn in assets.
Senior life execs predict extensive regulatory change in UAE
At an International Adviser roundtable in Dubai, life companies agreed one thing is certain, large scale regulatory change for the region is in the air.
Zurich exit from Singapore highlights industry change
The Zurich Insurance Group’s decision to pull out of the international life business in Singapore, where it had been a big part of the market for a long time, was the top story from Asia, among a series about industry restructurings which dominated coverage in 2015.
Sun Life closes part of wealth product range
Sun Life Financial International, part of Canada’s giant Sun Life Financial Inc, said it will no longer accept new applications for two of its key wealth products — Sun Secured Advantage Plus and Sun Investor.