News 16 Jul 18
Zurich disputes UAE life insurance cost disparity claims
Zurich Insurance has played down grumblings from some IFAs in the UAE that they are not being treated fairly by the firm’s strategy of distributing its life products through both bank and financial adviser channels.
News 11 Jul 18
Old Mutual and Friends Provident hit back after court threat
Threats of legal action against Old Mutual International for allegedly mis-selling high-risk investments are not coming from a law firm but a “claims farmer trying to generate publicity”, a spokesperson for the insurer told International Adviser.
Generali to sell majority stake in German life company
Italy’s Generali Group has agreed to sell a majority stake in Generali Leben to a German life insurance portfolio management company, in a deal that values the business at around €1bn (£882m, $1.17bn).
AILO chief to bow out of ‘dynamic industry’ after 47 years
Alan Morgan-Moodie is to retire as chief executive of the Association of International Life Offices (Ailo), a post he has held since 2010.
News 21 Jun 18
Canada Life UK sells £2.7bn book to Scottish Friendly
Consolidators continue to snap up legacy books of business with Canada Life UK announcing the sale of 155,000 longstanding policies to Scottish Friendly.