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UK chancellor: ‘Alive to the risk’ of post-Brexit insurance ‘uncertainties’

By: Helen Burggraf | 11 Oct 2017

UK Chancellor Philip Hammond has said the government was “alive to the risk” that the UK’s withdrawal from the European Union “could in some cases create legal…

Fiduciary Rule battle rages on in US, as SEC head vows to ‘work with DOL’ on plan

By: Helen Burggraf | 06 Oct 2017

Ever since the US’s long-awaited Fiduciary Rule partially took effect in June, the matter of whether it should ever be fully implemented – or rather, killed off…

Canada Life In’tl tweaks portfolio bonds to boost ‘flexibility’

By: Helen Burggraf | 26 Sep 2017

Canada Life International, the UK-market-focused life insurance-based financial product provider, has made a number of changes to its Premiere Account and Premiere Europe Account that it says…

CBA eyes offload of asset management business

By: Eugene Costello | 22 Sep 2017

Hard on the heels of offloading its life insurance business to Hong Kong-based AIA for A$3.8bn as reported, Commonwealth Bank of Australia (CBA) is looking to divest…

CBA insurance business sale makes AIA region’s biggest

By: Eugene Costello | 21 Sep 2017

Hong Kong based AIA is to acquire Commonwealth Bank of Australia’s life assurance businesses throughout Australia and New Zealand for A$3.8bn (US$3bn), making it the largest life…

Novia Global’s Vasilieff: ‘MiFID II – its impact and implications for our industry’

By: Bill Vasilieff, Chief Executive, Novia Global | 12 Sep 2017

At times, MiFID II seemed destined to be one of those quintessential EU projects that would languish for years in the EU Parliament, as Brussels’ lawmakers agonised…

Zurich’s Baker leaves IoM chief exec role

By: Eugene Costello | 07 Sep 2017

Zurich International Life’s chief executive Clive Baker, based on the Isle of Man, is to depart the company after five years at the helm, Zurich has told…

IoM issues corporate governance consultation for island insurers

By: Eugene Costello | 30 Aug 2017

The Isle of Man Financial Services Authority has signalled its intention of bolstering the corporate governance regulations governing insurance companies based on the island, with a consultation…

Insurance market buffeted by Harvey

By: Eugene Costello | 29 Aug 2017

As Hurricane Harvey headed east over New Orleans and towards Florida on Tuesday morning, the insurance industry was bracing itself to count the cost of what is…

Aviva says ciao to Italian insurance joint venture

By: Eugene Costello | 25 Aug 2017

Insurance giant Aviva is divesting itself of its 50% stake in two Italian businesses that offer life and general insurance products, selling its holding to the country’s…

City seeks trade pact to mirror current EU rules to save jobs post Brexit: report

By: Gary Robinson | 24 Aug 2017

The UK’s financial sector is hoping that the government will support an “ambitious” trade pact between Britain and the European Union that will replicate much of the…

PEOPLE MOVES: Barclays Private Bank, Premier Assurance Group, Ogier

By: International Investment Staff | 22 Aug 2017

Barclays Barclays has named Bjorn Holderbeke to head up its MENA global investments and solutions (GIS) operations for its private banking business in that region, based in…

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