Are life companies finished?
The future of international life companies is “pretty well finished”, the chief executive of Novia Global told International Adviser’s Fund Links Forum on Thursday.
The future of international life companies is “pretty well finished”, the chief executive of Novia Global told International Adviser’s Fund Links Forum on Thursday.
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.
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.
UPDATED: Insurers headquartered on the Isle of Man will no longer have to provide customers with generic information about commissions and fees from 1 January 2018 after the island’s regulator scrapped its plans, in a move welcomed by the industry.
RL360°’s Dubai office has appointed Steve Noon to the role of regional sales manager.
Isle of Man-based RL360° reported a spike in new business growth of 11% in 2016, driven strong sales of regular premium plans in Asia, Latin America and the Middle East.
It is vital to get any new relationship off on the right foot, especially when money is involved. Understanding the questions that prospective clients should be asking, can help advisers ensure they are the right person to meet that client’s needs.
RL360° has launched a new tablet app which will allow applications to the life insurer’s flagship regular premium savings product, RL360° Quantum, to be submitted online.
Life companies based on the Isle of Man will have to disclose client commission worldwide from January 2019, the head of the Isle of Man Financial Services Authority (IoMFSA) has confirmed.
RL360° has launched Quantum Malaysia, a country-specific version of the insurer’s regular premium savings plan and its first product in Malaysia.
RL360° has opened a new branch office in Kuala Lumpur, Malaysia, after it was granted a license by the Labuan Financial Services Authority (LFSA).
Address: International House, Cooil Road, Douglas, Isle of Man, IM2 2SP Tel: +44 (0)1624 681682 Email: csc@rl360.com Website: www.rl360.com