Lombard International
Lombard Int’l buys HSBC Life Assurance portfolio for €1
HSBC Life Assurance (Malta) has entered into a portfolio transfer agreement with Lombard International Assurance to sell part of one of its insurance portfolios for €1 (£0.89, $1.16).
Aegon opens Mexican asset manager
Dutch insurer Aegon and its North American subsidiary Transamerica are setting up a Mexican asset management joint venture with the same firm that partnered with Lombard International to launch a life company earlier this year.
PEOPLE MOVES: Manulife, JPMAM, Lombard International
Manulife is consolidating its wealth businesses and moving several key figures, while JPMAM has raided the UK Treasury to hire a chief market strategist for Europe and UK and Lombard International created a new chief operating officer role.
Best Practice | 29 Jun 17
Life assurance and the digital fightback
Life assurers are having to make big strides to catch up with advisers and mass market retail providers when it comes to digital innovation to meet growing expectations from high net worth individuals (HNWI), according to Lombard International Assurance’s Aidan McClean.
PEOPLE MOVES: BlackRock, Deutsche Bank, Aviva
BlackRock has lost an ex-Barclays chief executive from its board after he was charged by the UK’s Serious Fraud Office. Deutsche Bank has ramped up its anti-financial crime divisionwith two senior hires, while Aviva has appointed its chief executive of international insurance to the company’s board.
