PEOPLE MOVES: Jersey Finance, Flagstone, Clyde & Co
Former Utmost sales chief finds fresh role, Clyde & Co adds Omani dispute duo and Geoff Cook steps down
Utmost
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Generali Worldwide opens first Swiss office
The move sweetens the firm’s acquisition by Utmost Wealth Solutions
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Utmost Wealth to expand worldwide with Generali acquisition
Utmost Wealth Solutions will extend its operations to Latin America, the Middle East and Far East following its acquisition of Generali Worldwide.
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Utmost Wealth’s head of sales departs
Isle of Man-based Utmost Wealth Solutions has confirmed that head of sales, proposition and marketing, Simon Woolnough, has left the business. The insurer has also provided more details around its deal with the Zurich Platform.
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Utmost’s offshore bond range added to Zurich platform
Utmost Wealth Solution’s two Isle of Man-based offshore bonds have been added to the Zurich Platform.
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Utmost Wealth Solutions on track to hit €30bn in assets
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.
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Generali sells Belgian life business for €540m
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.
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Utmost to buy Aegon Ireland’s int’l investment bond business
The consolidator parent of Utmost Wealth Solutions has announced its intention to acquire the international investment bond business of Aegon Ireland – just days after the Irish operation was sold to another provider.
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LCCG’s new UK life company goes live with first acquisition
The newly formed UK life insurer launched by Life Company Consolidation Group (LCCG) has completed the acquisition of the business of Reliance Mutual Insurance Society.
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Axa pivots away from life insurance with $15.3bn acquisition
The hits keep coming for the life sector as Europe’s second biggest insurer, Axa, announces a shift from Life & Saving business to Property & Casualty.
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Utmost Wealth and Generali PanEurope to merge
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”.
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Analysis: The future’s bright post Paradise Papers
Having borne the brunt of the media scrutiny following the Paradise Papers hack, key figures in the international life insurance industry have hit back and defended the Isle of Man and other international financial centres.