Offshore Bonds
Utmost’s offshore bond range added to Zurich platform
Utmost Wealth Solution’s two Isle of Man-based offshore bonds have been added to the Zurich Platform.
Holborn Assets has Dubai licence suspended
Dubai-based Holborn Assets Insurance Brokers has had its Insurance Authority licence suspended for three months, in a rare case of the regulator taking action over a complaint about what is believed to be the sale of a long-term savings product.
Offshore bond consolidation rattles advisers warns Canada Life
The recent trend of closed book market consolidators buying up international life company books of business has distracted its competitors and can be an issue for adviser firms, the managing director of Canada Life International, Sean Christian, has warned.
Standard Life offshore bond survives sale to closed book firm
The offshore bond sold by Standard Life will still be available via Phoenix Group after the firm’s life insurance business is acquired, a company spokesperson told International Adviser.
Phoenix £6bn offshore bond grab opens market to last players
The acquisition of Standard Life Aberdeen’s UK and European insurance arm will net closed book insurer Phoenix Group around £6bn ($8.35bn, €6.8bn) in offshore bonds, Phoenix Group’s head of corporate communications, Shellie Wells, confirmed to International Adviser.