M&A Deals
One in three IFA owners to retire within 10 years
The wealth management M&A race is set to be ratcheted up a notch with more than a third of IFA owners planning to retire within 10 years.
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.
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.
Zurich Insurance scraps RSA takeover plans
Zurich Insurance has abandoned plans to buy RSA Insurance Group after making a £5.6bn bid for the rival company last month.
RSA to sell Latin American arm for £403m
UK-headquartered RSA Insurance Group is to trade-in its businesses in Latin America for £403m as the firm continues the sell-off of its non-core operations.