Isle of Man-based insurer Utmost says it is on course to reach its “near-term” target of €30bn in assets under management, as it confirms the rebrand of recently acquired Ireland-based Generali PanEurope.
Woodbrook Group hires an industry veteran to manage its Spain operations, AMP’s chief risk officer for its advice division resigns and Arlo Associates appoints a tech entrepreneur to chair its board.
Italian insurer Generali has agreed to sell its entire stake in Generali Belgium to Athora Holding, the firm that recently acquired and carved up Aegon Ireland.
Italy’s Generali Group is to increase investments in “green” sectors by €3.5bn (£3.1bn, $4.3bn) by 2020, mainly by ploughing money into bonds that finance environmentally beneficial projects and investing directly in cleaner infrastructure.
Life Company Consolidation Group (LCCG) is to acquire Generali PanEurope with plans to create a specialist wealth manager by combining it with Utmost Wealth Solutions in a show of “commitment to the international life market”.
PwC has announced a significant leadership change in its Channel Islands office, Generali has created a new senior position and an Old Mutual Wealth ex-employee has rejoined the company to lead its platform proposition.
Generali Worldwide has formed a partnership with Brooks Macdonald to offer advisers and their clients a discretionary fund management service to sit alongside its life product offering for the first time.
Generali Group parts ways with its chief insurance officer, HSBC Life appoints a new chief executive and Lombard Odier pulls its new head of family wealth services from UBP.
Malaysia’s financial services centre has appointed a director general, while Zedra has named an executive director for its Singapore office and Generali Investments has a new head of investments.
Generali has named a replacement for the outgoing head of investments at its asset management division. Meanwhile, the chief executive of Zurich North America is to depart and Manulife has appointed a president and chief executive for Asia.
Italian insurer Generali has agreed to sell its Dutch operation to the former Fortis insurance arm ASR Nederland for €143m (£129m, $171m).
Generali has entered into an agreement to sell its business in Panama, the latest in a series of exits from Latin American markets for the Italian insurer.
