RL360° rebrands CMI after acquisition
The RL360° Group has rebranded its recently acquired firm Clerical Medical International Insurance Company (CMI) as RL360° Services, the insurer has announced.
The RL360° Group has rebranded its recently acquired firm Clerical Medical International Insurance Company (CMI) as RL360° Services, the insurer has announced.
Standard Life’s 1825 has announced its third acquisition in three weeks after agreeing to buy London-based IFA Baigre Davies – shortly after confirming the purchase of Scottish wealth management advice business Munro Partnership and Norwich-based Almary Green.
British annuity providers Just Retirement and Partnership Assurance have completed a £1.4bn ($2bn, €1.8bn) merger which saw it relaunch on the London Stock Exchange Monday as JRP Group.
Swiss private banking group Julius Baer has acquired an additional 60.1% stake in Milan-based Kairos Investment Management for €276m (£220.9m, $314.3m), taking its total ownership to 80%.
French insurance giant Axa has completed the sale of its operations in Portugal to Belgian insurer Ageas for €189m ($215m, £151m), the company has announced.
Tilney Bestinvest has agreed to acquire Towry from private equity parent Palamon Capital Partners for £600m ($853.4m, €748.8m).
Insurance giant Allianz is looking to sell a portfolio of life insurance policies in Italy worth €4.5bn ($5.09bn, £3.6bn) as it struggles to cope with rock-bottom interest rates, Reuters has reported.
Waverton Investment Management, formerly J O Hambro Investment Management, has acquired London-based long only investment boutique 2CG Senhouse, which specialises in European and southeast Asian equities.
A number of US private equity firms are preparing bids for Old Mutual’s wealth division, with two funds rumoured to have already teamed up to make an offer, The Sunday Times has reported.
China Post & Capital Global Asset Management has acquired 10 Europe-listed ETFs from Royal Bank of Scotland as RBS continues its strategy of selling its non-core UK businesses.
IFA consolidator AFH has pulled out of a potential bid to acquire Lighthouse as it sees “limited growth prospects” for the national advice firm.
Swiss private banking firm J. Safra Sarasin is set to acquire Credit Suisse’s operations in Gibraltar and Monaco, the company has announced.