M&A Deals
Zurich enters takaful insurance with Malaysia’s MAA buy
Zurich Insurance is poised to buy Malaysia’ MAA Takaful after receiving regulatory approval.
Axa Isle of Man sold, consolidator sets out new strategy
Axa has agreed to sell its Isle of Man-based operation to specialist M&A firm Life Company Consolidation Group (LCCG), which plans to continue “successful relationships” with Axa’s offshore bond business in Dublin.
SJP saw record gross inflows in Q1
St. James’s Place reported a record £1bn of gross inflows in March, increasing the group’s funds under management to £62bn.
UK insurer Phoenix poised to buy Axa’s Sun Life
UK insurer Phoenix Group is close to securing a £500m ($717m, €634m) buyout of smaller rival Sun Life from French insurance giant Axa, The Financial Times has reported.
Sovereign expands into Sipps with MW Pensions deal
Sovereign Group, an international wealth management and retirement planning provider, has acquired UK-based MW Pensions, a specialist in Self-Invested Personal Pension (Sipp) schemes, for an undisclosed amount.