Europe
Zurich’s former boss Martin Senn commits suicide
Martin Senn, the former chief executive of Zurich Insurance Group who only stepped down in December, has killed himself, the company said.
Axa restructures, sells last UK operations to Phoenix
French insurance giant Axa announced the sale of the remaining parts of its UK business to the Phoenix Group on Friday, and unveiled a new-look global business structure from incoming chief executive Thomas Buberl.
European regulator launches EU-wide insurance stress test
A European pension watchdog has announced that it will conduct an EU-wide stress test of the region’s insurance companies – the first since the implementation of Solvency II.
BlackRock offers US mortgage backed securities bond ETF
BlackRock is launching Europe’s first exchange traded fund (ETF) investing in high quality US mortgage-backed securities.
Alternatives | 26 May 16
Ucits fund sales fall sharply in Q1, Efama data shows
Rock-bottom interest rates and plummeting consumer confidence saw a big drop in net sales of Ucits funds in the first quarter of the year, according to the latest figures published by the European Fund and Asset Management Association (Efama).