M&A Deals
PraxisIFM acquires Confiance Pension Services
PraxisIFM, a Guernsey-based independent financial services group, announced on Thursday that it has expanded its pensions division, Trireme Pension Services, with the acquisition of Confiance Pension Services.
JTC buys Cayman fund administration business from GAM
Fund service provider JTC Group has added to its fast-growing acquisition list with the purchase of GAM’s fund administration business in the Cayman Islands.
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.