Senior life execs predict extensive regulatory change in UAE
At an International Adviser roundtable in Dubai, life companies agreed one thing is certain, large scale regulatory change for the region is in the air.
At an International Adviser roundtable in Dubai, life companies agreed one thing is certain, large scale regulatory change for the region is in the air.
The expanding middle classes of the six Gulf Cooperation Council nations in the Middle East offer many attractive growth opportunities due to the current low penetration of insurance products, says Theodor Alexandrescu, general manager of MetLife Gulf.
Clients wishing to move from QROPS into a UK-based scheme to take advantage of pension liberation should take heed before rushing into income drawdown.
Lifetime pension accounts, care funding annuities and 20 year retirement bonds are just some of the radical innovations predicted by independent pensions expert Ros Altman in a forward-looking retirement report.
Emirates NBD Bank is preparing to sign a bancassurance deal with Metlife in the United Arab Emirates, International Adviser understands.
MetLife Insurance has appointed Damien Green, head of employee benefits in Asia, for an additional role of interim chief executive of the Australian business, replacing Marc Lieberman.
MetLife has appointed Lennard Yong as chief executive of its Hong Kong operations, reporting to Nirmala Menon, head of designated markets and health, Asia.
Aviva plans to sell its Czech Life, Hungary Life and Romania Life & Pensions businesses to US insurance giant Metlife, according to a London Stock Exchange announcement.
Metlife has announced further details of its initial offering for the Jersey market.
Metlife has hired Paul Frankland to launch its Jersey business in September.