Life
l g in first ex uk annuity deal
Legal & General today unveiled a 136m de-risking deal involving Dublin-based New Ireland Assurance, which it suggested was a “first” in a new growth strategy that will see it expanding into the retirement solutions sector of “attractive marketsboth in the UK and abroad”.
fpis executive exodus continues with departure
Peter Drummond has become the latest Friends Provident International executive to leave the company, with his move to Bahrain-based Omnilife Insurance, as general manager.
profits rise at nedbank private wealth in 2012
After tax profits at Nedbank Private Wealth, which re-branded from Fairbairn Private Bank in October last year, were up 15% during 2012.
key solvency II elements rejected
The European Union's insurance industry watchdog has rejected key elements of the proposed Solvency II regime, in a discussion paper that it has put out to comment.
fpi makes 37m loss as changes model
Friends Provident International made a pre-tax loss of £37m in 2012, due to £82m of one-off restructuring related charges.