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AIG extends protection support for int’l clients

By: Helen Burggraf | 14 Aug 2017

AIG Life, the UK arm of  New York-based insurance giant American International Group, said it has added to the range of products and tools it offers intermediaries…

Old Mutual Wealth moves strongly into profit as it prepares for life after OM plc

By: Helen Burggraf | 11 Aug 2017

Old Mutual Wealth, the UK-based arm of Old Mutual plc, moved strongly into profit in the six months to the end of June, compared with a loss of…

Aegon unveils sale of Irish and Dutch ops as it posts results

By: Helen Burggraf | 10 Aug 2017

Aegon, the Netherlands-based insurer, has unveiled plans to sell two of its operations, as its management continues to make changes to the business aimed at boosting efficiencies.…

‘Offshore bond sales leap 60% in H1’: Canada Life Int’l

By: Helen Burggraf | 10 Aug 2017

Canada Life International, the UK-based arm of Winnipeg, Canada-based Great-West Lifeco Inc, said first half offshore bond sales leapt 60% from the same period a year earlier, and…

Singapore Life Insurance sees new business spike

By: Gary Robinson | 07 Aug 2017

The Life Insurance Association Singapore has announced a ‘significant uptake’ with sales across both single and annual premium products up in the first six months of the year, with…

AXA earnings up in 1h, though life and savings revenues fell 1%

By: Helen Burggraf | 03 Aug 2017

French multi-national insurance giant AXA reported a 4% rise in first-half earnings today, compared with the same period in 2016, although its life and savings business was…

FCA makes individuals accountable in financial services shake-up

By: Gary Robinson | 26 Jul 2017

Individuals working with financial services organisations will become more accountable for their conduct and competence as a result of the latest ‘culture change’ proposal by the UK financial services regulator. In October…

IoM regulator delays commission disclosure till 2019

By: Gary Robinson | 30 Jun 2017

The Isle of Man Financial Services Authority (IoMFSA) has today published details of its 2017 Roadmap on updating the island’s regulatory framework for insurance business, delaying the…

Aberdeen board approves Standard Life merger amid Scottish Widows rumours

By: Gary Robinson | 20 Jun 2017

Aberdeen Asset Management’s shareholders have approved the proposed merger with Standard Life plc amid reports of a possible additional Scottish Widows deal. Announced via a London Stock Exchange statement, the…

HK’s new insurance regulator’s first task ‘X-border enforcement’

By: Helen Burggraf | 12 Jun 2017

Hong Kong’s new insurance regulator, to be known as the Insurance Authority, will have as its first task “cross-border enforcement” in a bid “to protect the thousands…

Fiduciary rule: from today, US retirement advice must be in client’s ‘best interest’

By: Helen Burggraf | 09 Jun 2017

Two months after it was originally due to take effect, the so-called fiduciary rule – which is designed to ensure US investors are only sold retirement products that…

Bob Pain steps down as Investors Trust Assurance, SPC chairman

By: Gary Robinson | 09 Jun 2017

Bob Pain has stepped down as Cayman-based Investors Trust Assurance, SPC chairman as of 1 June.  The ITA SPC board said in a statement announcing the changes, that it will…

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