Hansard Intl upgrades product range
Hansard International, part of FTSE-listed Hansard Global, has launched a new Universal Personal Portfolio (UPP), marking the conclusion of a year-long effort to upgrade its entire product range.
Hansard International, part of FTSE-listed Hansard Global, has launched a new Universal Personal Portfolio (UPP), marking the conclusion of a year-long effort to upgrade its entire product range.
Hansard Global said its turnaround strategy is working, as it posts six months results and announces plans to expand its range of single premium products.
Hansard International has hired four business development managers for Asia, the Middle East and Latin America and is close to hiring one for the UK.
Hansard Internationals United Arab Emirates country manager Stephen Fairhall has left the company.
Advisers in Europe are being forced to offer clients a limited choice of products because many life companies have exited the region to seek more profitable and less heavily regulated markets further east.
One of the largest insurance brokers in the UAE has temporarily suspended its terms of business with Standard Life, RL360°, Skandia International and Hansard, because the companies are not licensed by the Insurance Authority.
Hansard Global is re-launching into a number of international markets after a difficult few years, with improved products and customer service.
Hansard Global, saw its focus on regular premium business yield ‘record’ levels of new business according to its global annual results, with the Isle of Man-based savings product provider reporting business flows have risen 12% on 2012 figures – jumping from £124m to £156m (as of June 30 2013).
At least three executives have left Zurich Life Insurance’s Singapore operations, including chief executive and principal officer Graham Morrall, who is returning to Dubai to become chief distribution officer for Hansard this month.
Hansard Europe has agreed a settlement of 1.5m on an underlying claim of approximately 5.5m involving policyholders in Norway, just one week before the Dublin-based company officially closes to new business.
Hansard Global is to close its Dublin-based business Hansard Europe to new business after deciding that it is in the “long term interests of the group” to reduce exposure to the region.
Hansard International and Hansard Europe, subsidiaries of Hansard Global, have launched Vantage, a new savings product for international investors.