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Private equity firm Cinven has entered into exclusive talks to acquire Dublin-headquartered insurer Axa Life Europe (ALE) in a €1.2bn deal. Axa Life Europe, one of the largest cross-border life assurance centres in Europe, manages insurance products for customers across, Germany, the UK, France, Spain, Italy and Portugal. Axa Life Europe is part of France-based […]
Utmost Wealth Solutions is predicting further acquisitions through its parent company LCCG after the completion of the addition of Generali PanEurope into the company brought assets under management to €24bn. With the addition of Generali PanEurope, now renamed Utmost PanEurope, Utmost Wealth Solutions is now the 2nd largest cross-border provider of unit-linked wealth management solutions in […]
Trieste, Italy-based Generali Group has agreed to sell its Belgian business to Bermuda-based Athora Holding for €540m. The transaction will generate a capital gain of about €150m and is expected to add some 2.6 percentage points to Generali’s Regulatory Solvency II ratio, according to a statement issued by the company. The deal, which is subject […]
Cillin O’Flynn, a well-known figure in the cross-border life insurance industry who has been a Europe-focused executive with Generali for the most of the past seven years, has relocated to Hong Kong from Milan, to assume the role of chief executive of Generali Hong Kong. He succeeds Phuong Chung, who has returned to Vietnam – […]
Generali Asia has appointed Dr Hak Hong Soo as its regional head of health, Asia. Soo will report directly to Roberto Leonardi, regional officer for Asia. The company announced the appointment via a statement but did not state who Soo replaced in the position, if anyone. Based in the regional hub in Hong Kong, Soo will […]
RL360° Steve Noon has joined RL360°’s Dubai office as regional sales manager, succeeding James Parsons, who recently moved to Ardan International – the Isle of Man-based international wealth platform acquired last year by RL360° – as head of sales. Noon, pictured above, has spent the past seven years with RL360° in Asia, which Middle East […]
David Gregory has joined the 1291 Group Europe Ltd’s as a London-based partner, a new role, as the Zurich-based broker of private placement life insurance products for high-net-worth individuals expands into the UK market. Until the end of last year, Gregory, pictured above, had been executive director of UK and international business for Generali’s PanEurope […]
Zurich, the Swiss insurance giant, has named Jack Howell to head up its Asia-Pacific operations as regional chief executive, effective on 1 Sept. Howell, who is American, comes to Zurich from Generali, where he has been that company’s regional officer for Asia since early 2015, according to a Zurich statement announcing his appointment. He will […]
Providence Life, a Mauritius-regulated life company launched in 2009, said it has named Neil Broadbent to head up its Asia distribution efforts, as it looks to expand in the region. The position is a new one, Providence Life said. Broadbent has held a number of roles in the international life insurance industry previously, including several positions […]
Mario Greco, the Italian executive who is widely credited with helping to boost the fortunes of Trieste-based Assicurazioni Generali as its chief executive, is to move to head up Generali’s Swiss rival, Zurich. At Zurich, Greco, pictured, will become CEO, succeeding Tom de Swaan, who has held the role on an interim basis since Martin Senn stepped down in […]
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