Charles Taylor agrees to buy Zurich’s closed book
Isle of Man-based Charles Taylor has agreed to buy one of Zurich’s closed book of international life assurance business as well as Allied Dunbar International Fund Managers.
Zurich
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PEOPLE MOVES: Julius Baer, US SEC, JP Morgan
Swiss private bank Julius Baer is reportedly hoovering up bankers from the defunct Singapore branch of BSI Bank. The US Securities and Exchange Commission has announced two more resignations, while JP Morgan Asset Management has created a chief executive and country head role in Australia.
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UAE insurance regulator to ban indemnity commissions
Indemnity commissions are to be prohibited under new rules proposed by the UAE’s Insurance Authority which regulates life insurance companies and family takaful businesses.
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PEOPLE MOVES: US SEC, Zurich, LGIM
The list of jobs to be filled by president-elect Donald Trump just got longer after the SEC’s chair confirmed she will step down at the end of the Obama administration. Zurich has named the new chief executive of its UK business, with Legal & General IM making senior appointments in the US.
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Zurich’s net profit surges as Greco turnaround gains pace
Zurich Insurance has posted a massive increase in its third quarter net profit and strong growth over the first nine months of 2016 as the company’s efficiency drive under new chief executive Mario Greco bears fruit.
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PEOPLE MOVES: Zurich, Wren Sterling, Isle of Man FSA
Zurich has made two senior appointments as group chief executive Mario Grecco continues building his team. Wren Sterling has named an ex-Aviva man as its new chief executive, while the Isle of Man Financial Services Authority has announced four senior people moves.
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Int’l life CEOs on consolidation and full disclosure
Panellists at International Adviser’s Fund Links Forum 2016 CEO roundtable explored the impact of consolidation, regulation and their plans for growth
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Zurich buys Macquarie Life’s risk business
The Federal Court of Australia has approved the transfer of Macquarie Life’s risk insurance portfolio to Zurich Australia, a move that will see the Swiss firm become Australia’s fourth biggest retail insurer in the IFA segment.
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PEOPLE MOVES: Zurich, HSBC, Pimco
Zurich has named the chief executive of its newly amalgamated division and announced a senior departure. HSBC Private Bank’s US investment services and products solutions business has a new head, while Pimco has appointed a head of Hong Kong retail and a head of China.
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International Adviser Life Awards 2016 results
The International Adviser International Life Awards 2016 were announced on Wednesday at London’s The Langham Hotel during a dinner held after our flagship life industry conference, the Fund Links Forum.
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PEOPLE MOVES: Zurich, EFG, Rathbones
Zurich names a new head for its global divison in Hong Kong, while Switzerland’s EFG appoints a chief executive in Singapore. The Guernsey regulator hires a new lawyer to its decision’s panel, and BMO expands its European sales team.
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Zurich nabs Howell from Generali to head up Asia Pacific
Jack Howell, the former chief executive of Asia for Italian insurer Generali, is to join his former boss Mario Greco at Zurich as chief executive of Asia Pacific.