Europe
Insurers in passporting rights plea to chancellor
Potential problems making pension and insurance payments post Brexit has prompted one member of parliament fight for clarity and the life industry pledge to engage with HM Treasury and EU partners to resolve passporting issues ahead of March 2019.
Expat pensions on the ‘cliff edge’
The chair of the UK Treasury select committee has called on the chancellor to provide clarity on expat pensions in the event of a “cliff edge Brexit”.
German passports rule, OK
German nationality is the most desirable and the highly ranked UK is about to dramatically slump according to the Henley & Partners – Kochenov Quality of Nationality Index (QNI).
Generali sells Dutch business to local insurer for €143m
Italian insurer Generali has agreed to sell its Dutch operation to the former Fortis insurance arm ASR Nederland for €143m (£129m, $171m).
Radical shakeup of Swiss private banks needed
Swiss private banks are failing to address rapidly declining profitability and are too focused on defensive measures to implement a radical transformation that will allow them to generate competitive advantage and sustainable growth, says KPMG.