AXA sell off in Hong Kong sees high demand, press report
Around two dozen bidders are competing to buy the Hong Kong wealth management unit of French insurance giant Axa SA, according to Reuters.
Around two dozen bidders are competing to buy the Hong Kong wealth management unit of French insurance giant Axa SA, according to Reuters.
Italian insurer Generali has agreed to sell its Dutch operation to the former Fortis insurance arm ASR Nederland for €143m (£129m, $171m).
International Qrops provider Momentum Pensions has announced it intends to grow the self invested personal pension (Sipp) part of its business by acquiring rival companies.
Canada Life, the UK arm of international financial services group GreatWest Lifeco, has agreed to buy specialist annuity provider Retirement Advantage for an undisclosed sum, the company announced in a statement.
Phoenix Group, Britain’s largest closed life fund consolidator, doubled operating profit during the first six months of 2017 as it said the cash earned from the Axa acquisition last year had been generated more rapidly than expected.
The Vietnamese Government is planning to make it easier for international life insurance companies to operate in the local market, deputy prime minister Dinh Hue Vuong has said.
A finance firm set up by Alibaba founder Jack Ma has led the acquisition of Hong Kong-based MassMutual Asia by a group of regionally based investors.
The formation of investment giant Standard Life Aberdeen has been finalised, the company confirmed on Monday.
Dutch insurer Aegon is selling its Irish offshore bond operation and its Netherlands-based advice business, while a strong boost in earnings from platform Cofunds, according to its latest quarterly report.
Sanlam UK has acquired the advisory arm of Tavistock Investments, taking over its network of 158 advisers and adding £1.5bn ($1.95bn, €1.66bn) to Sanlam’s total assets under advice.
US-based investment manager Invesco is in talks to buy the asset management business of Guggenheim Partners, according to media reports.
Indian life company Reliance Nippon Life Insurance is looking to expand its distribution network through a series of takeovers of bank-owned life insurers, a top company official told analysts.