Nine insurers identified as globally systemically important
The Financial Stability Board has named Aegon, Aviva, and Axa among nine global insurance firms identified as systemically important financial institutions (SIFI).
Allianz
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Allianz invests $7m in Italian robo-adviser MoneyFarm
German insurance giant Allianz has bought an undisclosed minority share in Italian digital wealth manager MoneyFarm in a bid to keep pace with the fast-moving fintech sector.
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Allianz secures distribution rights with Malaysia’s Maybank
German insurer Allianz has signed a 10-year distribution deal with Malaysia’s Maybank to sell its life products from its retail branches in Indonesia.
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Axa, Allianz in bidding war over Asia bank distribution deal
Insurance giant Allianz and France’s Axa are locked in a bidding war to acquire the distribution rights to sell insurance products through Standard Chartered channels in Asia.
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Axa, Allianz report profits boost in Saudi Arabia
Axa and Allianz have seen a boost in profits out of their operations based in Saudi Arabia, according to data published by the Kingdom’s market intelligence firm Argaam.
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In China, passive outdoes active
Over the trailing three years, more passive China equity funds than actively-managed ones had returns of 20% or more, according to FE data.
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PEOPLE MOVES: Architas, Julius Baer, AllianzGI
Architas has named a Barclays managing director and chief investment officer as its new chief investment officer, while Julius Baer has added an executive director to its Guernsey team. AllianzGI is strengthening their alternatives pillar, with L&G bidding farewell to its chairman.
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Allianz sells S. Korean life insurance and investment arms
Allianz has agreed to sell its South Korean life insurance unit and Allianz Global Investors Korea to China’s Anbang Insurance Group.
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Allianz to sell €4.5bn cache of Italian life policies
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.
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Allianz offers health plan for locals and expats in Lebanon
Allianz Worldwide Care, part of the giant Allianz Group, has launched a health insurance programme for expats and nationals living in Lebanon.
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PEOPLE MOVES: Schroders, Aviva Asia, Allianz…
After more than a decade as head of emerging market equities, Schroder’s Conway is set to retire. Several high profile people moves have been made in Asia of late; with Aviva, Allianz, and the Hong Kong Monetary Authority announcing changes.
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AllianzGI to buy Rogge Global Partners from Old Mutual
Allianz Global Investors is set to purchase £24.1bn fixed income house Rogge Global Partners (RGP) for an undisclosed sum.