Aviva acquires Irish insurer Friends First
Aviva is now the largest composite insurer in Ireland following a deal to acquire Friends First Life Assurance Company for €130m (£116m, $151m).
Aviva
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PEOPLE MOVES: Aviva Investors, VAM Funds, Robeco
Aviva Investors has appointed a head of marketing for Asia Pacific, while Vam Funds has named an investment director. A JP Morgan and Goldman Sachs alum has joined Robeco as head of global distribution and marketing.
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Why demand for risk-targeted multi-asset funds may rise
Are risk-targeted multi-asset funds going to be as popular overseas as they have been in the UK?
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Aviva sells 50% stake of Italian insurance business
Insurer Aviva has announced it will sell its stake in two of its Italian businesses to Italy’s Banco BPM, the country’s third largest lender.
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PEOPLE MOVES: Standard Life Aberdeen, Aviva Investors, HSBC
Investment giant Standard Life Aberdeen has hired a director for its onshore China business, while HSBC Private Banking has appointed a head of funds and Etfs and Aviva Investors has added a head of multi-asset products.
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Vietnam rolling out welcome mat for int’l life companies
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.
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Big UK insurers not offering financial advice tax break
Millions of pension savers cannot take advantage of a tax break designed to help them pay for financial advice because major providers including Aviva, Aegon, Fidelity, Legal & General, Prudential and Royal London are not offering it to customers, reports the Financial Times.
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Aviva, Tencent seek licence for Asian digital insurer
UK insurance giant Aviva and Chinese tech firm Tencent are seeking regulatory approval for a new joint venture partnership along with private equity firm Hillhouse Capital, which plans to develop an online insurance company in Hong Kong.
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Ex-FPI Singapore managing director Chris Gill joins SJP Asia
Former Friends Provident International Singapore managing director Chris Gill has joined St James’s Place Wealth Management Asia as development director to the international business.
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DIFC’s Chris Divito to head up FPI in the Middle East
Chris Divito, the former head of Standard Life in the Middle East and currently working at the DIFC, is to take over from Marcus Gent as managing director of Friends Provident International in Dubai.
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FPI acquisition by RL360° a ‘game changer’ says CEO Kneeshaw
Aviva’s decision to sell Friends Provident International (FPI) to RL360° for £340m ($444m, €384m) is “a game changer” for the life insurance industry, David Kneeshaw, chief executive of RL360°, told International Adviser.
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PEOPLE MOVES: Old Mutual director runs for Zimbabwe presidency
An Old Mutual director is to run for president of Zimbabwe, while Old Mutual Asset Management and Axa Asia are both losing their chief executives. Deutsche Bank Wealth Management has appointed a former Coutts & Co chief executive to head up its UK business.