Zurich restructures UK life business
Zurich is restructuring its UK life business which will in future be focused around three core areas: corporate, retail and in-force. The move is designed to meet the demands of a changing marketplace...
View ArticleLV= reports strong H1 life & protection sales
LV= has reported strong life and pensions figures for the first half of 2012, with sales up 24% to £86 million on an APE basis (H1 2011: £69.3 million). Retirement business increased 25% with APE...
View ArticleAviva completes sale of Eastern European life business
Aviva has completed the sale of its Czech, Hungarian and Romanian life businesses to MetLife Inc’s local operating subsidiaries in those countries. In addition, the sale of its Romanian pensions...
View ArticleLV= partners RAC with protection products
LV= has signed a five-year partnership agreement with motoring service provider, RAC. Through LV=, RAC will offer its customers a telephone-based advice service on protection products (income...
View ArticleLV= outlines protection gender plans
LV= will switch its protection business to gender neutral rates on 1st December and is offering advisers a “G Day Guarantee” ahead of the gender directive, which comes into force on 21st December 2012....
View ArticleDownward pressure on profitability for life and general insurers
The latest financial services survey from the Confederation of British Industry (CBI) and PricewaterhouseCoopers (PwC) shows business volumes and income falling over the past three months, with...
View ArticleStandard Life to open Singapore office
Standard Life is intending to expand its retail investment business in the Asian market with the opening of a branch in Singapore. The move forms part of the group’s strategy to accelerate access to...
View ArticlePrudential expands in Thailand with partnership and acquisition
Prudential and Thanachart Bank have agreed an exclusive 15-year partnership to develop jointly their bancassurance business in Thailand. In addition, Prudential Thailand will acquire 100% of Thanachart...
View ArticleZurich discovers what keeps Europeans awake at night
New research from Zurich finds that pressure at work/school, the financial crisis and concerns about family are most likely to be keeping Europeans awake at night. In the UK (45%) financial problems...
View ArticleUK insurers pay out £6.7m a day on protection policies
Latest figures from the Association of British Insurers (ABI) show that every day in 2011 insurers paid out £6.7 million to individuals and families who had made claims on life, critical illness and...
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