News
Jersey regulator warns of fake Aussie investment firm
Jersey residents have been warned to be on guard after an Australian firm pretending to be a regulated investment company went on the prowl.
Axa pivots away from life insurance with $15.3bn acquisition
The hits keep coming for the life sector as Europe’s second biggest insurer, Axa, announces a shift from Life & Saving business to Property & Casualty.
Japanese insurance giant acquires MassMutual Life
Japan’s largest insurer Nippon Life will acquire a majority stake in the Japanese arm of US rival MassMutual Financial Group in a bid to strengthen its insurance sales.
Italian firm to launch onshore fund in China
Italy’s Azimut has been granted approval from the Asset Management Association of China (AMAC) to register as a private fund management firm in China, giving it six months to launch a product onshore.
Hong Kong to roll out insurance lifeboat scheme
Policyholders in Hong Kong will be protected for the first time should their insurer become insolvent if plans to introduce a mandatory industry-funded compensation scheme come to fruition.