Axa has agreed to sell its Isle of Man-based operation to specialist M&A firm Life Company Consolidation Group (LCCG), which plans to continue “successful relationships” with Axa’s offshore bond business in Dublin.
St. James’s Place reported a record £1bn of gross inflows in March, increasing the group’s funds under management to £62bn.
UK insurer Phoenix Group is close to securing a £500m ($717m, €634m) buyout of smaller rival Sun Life from French insurance giant Axa, The Financial Times has reported.
Sovereign Group, an international wealth management and retirement planning provider, has acquired UK-based MW Pensions, a specialist in Self-Invested Personal Pension (Sipp) schemes, for an undisclosed amount.
Meyado Private Wealth Management, which is headquartered in London, said its Singapore operation has bought the assets of local financial advisory firm Portfolio Builders for an undisclosed sum.
Jersey-headquartered Bedell Trust has announced a management buyout of its business by private equity firm Inflexion, to fund expansion in to Asia after recently acquiring a majority stake in the Singapore Trust Company (STC).
Allianz has agreed to sell its South Korean life insurance unit and Allianz Global Investors Korea to China’s Anbang Insurance Group.
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.
