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News

Aviva to sell 60% of Hong Kong life business in digital venture

Asia | news 26 Jan 17

Aviva to sell 60% of Hong Kong life business in digital venture

British insurance giant Aviva has agreed to sell two thirds of its Hong Kong life business to Chinese tech firm Tencent and private equity firm Hillhouse Capital in a deal that will see the unit transform into a digital insurer.

Generali terminates general manager and group CFO’s contract

Europe | news 26 Jan 17

Generali terminates general manager and group CFO’s contract

Italian insurer Generali has reached an agreement with general manager and group chief financial officer, Alberto Minali, to terminate his employment contract, effective from 31 January.

Value Partners fined HK$4m for regulatory breaches

Asia | news 26 Jan 17

Value Partners fined HK$4m for regulatory breaches

The Hong Kong Securities and Futures Commission (SFC) has fined asset manager Value Partners and its subsidiary Value Partners Hong Kong HK$4m (£412,479, $515,644, €479,669) for breaching regulations in the management of two SFC-authorised funds.

Ex-footballer Alan Shearer reportedly suing over mis-selling

United Kingdom | news 25 Jan 17

Ex-footballer Alan Shearer reportedly suing over mis-selling

Former England football captain Alan Shearer is reported to be taking legal action against a financial salesman to reclaim up to £6m ($7.5m, €7m) after being ‘mis-sold’ investments, according to an English newspaper.

Chinese debt and equity in the year of the Rooster

Equities | news 25 Jan 17

Chinese debt and equity in the year of the Rooster

Those born in the Year of the Rooster are said to be hard working, patient, resourceful and courageous. M&G Investments’ equity and fixed income teams explore how these characteristics can be utilised to help investors navigate through the challenges and opportunities to come.

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.