Industry
Zurich’s net profit surges as Greco turnaround gains pace
Zurich Insurance has posted a massive increase in its third quarter net profit and strong growth over the first nine months of 2016 as the company’s efficiency drive under new chief executive Mario Greco bears fruit.
Prudential sells Korean life insurance business to Mirae
Prudential has agreed to sell its life insurance subsidiary in Korea to Mirae Asset Life Insurance for KRW170bn (£119m, $148m, €134m).
Best Practice | 10 Nov 16
Product Spotlight: review of Old Mutual Int’l Wealth Mgt Plan
In the third of a series of three independent reviews of international life products, Brian O’Neill, consultant at Isle of Man-based actuary and consultancy firm Boal & Co, puts the spotlight on Old Mutual International’s Wealth Management Plan.
People Moves | 10 Nov 16
PEOPLE MOVES: Zurich, Wren Sterling, Isle of Man FSA
Zurich has made two senior appointments as group chief executive Mario Grecco continues building his team. Wren Sterling has named an ex-Aviva man as its new chief executive, while the Isle of Man Financial Services Authority has announced four senior people moves.
Retirement | 10 Nov 16
Long-term care needs expected to drive demand for UK advice
Advisers in the UK are set to be inundated with work planning for long term care needs of savers, a new survey by Just Retirement Partnership suggests.