UK insurer Phoenix poised to buy Axa’s Sun Life
UK insurer Phoenix Group is close to securing a £500m ($717m, €634m) buyout of smaller rival Sun Life from French insurance giant Axa, The Financial Times has reported.
Sun Life
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PEOPLE MOVES: Axa, Investec, Miton…
Axa Group has announced a high-profile return and a senior appointment. A new role of managing director UK has been created at Investec Wealth & Investment, while significant departures have been announced by Miton and Argonaut.
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Sun Life revenue falls, confirms US wealth business closure
Net revenue was down by a quarter at Canada’s third largest insurer by assets, Sun Life Financial, during the fourth quarter and full year of 2015. The company also incurred a C$63m (£31.1m, $45.3m, €40.2m) restructuring cost related to the closure of its US wealth business.
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PEOPLE MOVES: Momentum, OMI, Sun Life…
Board and senior appointments were the name of the game this week with Momentum Pensions and Brown Advisory adding to their boards, while Old Mutual International and Sun Life were among those announcing changes at senior levels.
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Sun Life closes part of wealth product range
Sun Life Financial International, part of Canada’s giant Sun Life Financial Inc, said it will no longer accept new applications for two of its key wealth products — Sun Secured Advantage Plus and Sun Investor.
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Northstar appoints head of distribution
Bermuda-based Northstar Financial Services has appointed Alejandro Moreno to its newly created role of head of distribution.
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Sun Life eyes Singapore and Thai markets
Canada-headquartered Sun Life Financial is looking to branch out into new markets, with Singapore and Thailand currently at the top of its expansion plans.
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Northstar appoints ex-Sun Life Int’l senior to board
Northstar Financial Services (Bermuda) has appointed Mark Rogers to its board of directors.
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Universal Life policies in vogue to pay less tax
Universal Life insurance products are growing in popularity as advisers look for ways to mitigate potential taxes for their high-net-worth clients who own UK property.
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sun Life and khazanah nasional in final talks
Sun Life and Khazanah Nasional are in final talks to buy the Malaysian joint venture of CIMB Group and Aviva, according to local media reports.
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four companies left in bid for avivas malaysian jv
Bidding for Avivas Malaysian insurance business has entered a second round, with four potential buyers still in the running for the deal which is estimated to be worth about $500m, according to media reports.