Europe
International Wealth Insurer sold to Luxembourg’s Foyer
Luxembourg-based International Wealth Insurer (IWI), has been sold by state-owned Belfius Insurance to Foyer, a major private financial group in the Duchy, creating a new player in the international life insurance sector.
Loss of free trade is main threat post Brexit says Irish Funds
The post Brexit arrangements may threaten the free trade approach between countries that has enabled Ireland’s financial industry to prosper, according to the Irish Funds Industry Association.
Multi-strategy funds limit post-Brexit losses
The three largest multi-strategy funds for sale in Europe have fared better than most other absolute return funds since the UK’s shock vote to leave the EU. However, the Standard Life GARS fund continues to underperform its peers on a longer-term basis.
Don’t underestimate the size of the passporting problem
The solution to the post-Brexit passporting problem is not as simple as setting up a brass plaque company inside the EU, according to financial regulatory lawyers Hogan Lovells.
Blacktower recommits to Gibraltar but ‘contemplates’ future
Blacktower Financial Management Group says it has no plans to leave Gibraltar for now and will go ahead with the opening of a new office there as the firm sought to reassure the British overseas territory over claims it is looking to move its headquarters to another EU member state.