Life
Zurich hires Asia Pacific market chief for Global Life arm
Zurich Insurance has named Paula Choi as its chief market manager for its Global Life business in the Asia Pacific region.
L&G enters US pension risk transfer market
The US subsidiary of Dutch technology giant Philips has agreed a deal with UK insurer Legal & General and the US-based Prudential insurance company to guarantee annuity payments for 14,000 of its retirees and former employees.
FPI exits all markets bar Asia, ME and South Africa
Friends Provident International is abandoning all of its global operations, excluding Hong Kong, Singapore, Dubai, and the ‘permitted jurisdictions’ of South Africa and Qatar.
Zurich transfers Singapore adviser network to Nexus
Zurich Life Insurance (Singapore) has agreed to hand over all of its approximately 160 appointed financial advisers in the city state to Nexus Financial Services, part of the Middle East-based Nexus Group, in response to changes in the regulatory landscape.
ANALYSIS: Why shining lights are needed in int’l life sector
The importance of having a parent company which believes in the underlying businesses it controls is an obvious statement presumably everyone would sign up to.