M&A Deals
Axa rumoured to be looking at sale of UK businesses
French insurer Axa Group may be looking to sell off all of its UK businesses, including Axa Wealth, according to British media reports.
Zurich makes £5.6bn offer for RSA
Zurich Insurance has formally tabled an all cash offer for RSA Insurance valued at £5.6bn ($8.8bn), which the UK-listed firm said it was likely to accept.
Canada Life’s offshore bond market share hits 29% on L&G deal
Canada Life’s acquisition of Legal & General International has resulted in a combined 29% share of the offshore bond market into the UK.
ANALYSIS: The dangers of wealth management consolidation
Wealth management and financial advice firms have been snapping up their peers at some rate in the post RDR world, but in recent months this has been kicked up a gear.
Alternatives | 4 Aug 15
Aberdeen to buy hedge fund Arden
Aberdeen Asset Management has entered into an agreement to acquire hedge fund Arden Asset Management