Life
RSA to resume asset sales, targets Middle East and Russian units
UK-based RSA Insurance is reported to be looking to sell its Russian and Middle East divisions as it resumes the disposal process begun by chief executive Stephen Hester in the wake of the surprise decision by Zurich last week to call off its takeover bid.
South African ‘RDR’ is call to arms for industry
Life companies in South Africa could “run into trouble” if they do not start working on changes to their businesses soon, said a senior figure for Old Mutual, ahead of the country’s imminent Retail Distribution Review.
Admin Re buys Guardian as UK book grows to 4 million
Admin Re’s acquisition of Guardian Holdings Europe will bolster its book of UK and Ireland closed life policies by 900,000, bringing the total count to over four million.
FPI closes UK offshore operations to new business, cuts jobs
Friends Provident International has closed its UK offshore bond market operation to new business as part of a restructuring at its Isle of Man headquarters which will result in 33 job losses.
Further Int’l life company consolidation in 2016, say CEOs
Further consolidation in the international life industry was predicted during the CEO main platform roundtable at International Adviser’s 10th anniversary FundLinks Forum on Thursday.