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Offshore insurance news

Prudential Int’l architecture portfolio bond gets facelift By International Adviser  19-Aug-2010 08:00 AM
Prudential International has upgraded its open architecture portfolio bond with the addition of five discretionary managers.

Skandia aims bespoke bond at UK expats based in Spain By International Adviser  12-Aug-2010 09:00 AM
The Spanish Collective Investment Bond (CIB) is based on the firm’s suite of offshore investment products, and has been tailored to align with Spanish tax law and investment regulations.

Life firms feel effects as HK investment rules start to bite By International Adviser  10-Aug-2010 08:00 AM
Some life companies with business in Hong Kong report that they are beginning to feel the effects of new measures aimed at strengthening the regulations which govern the sale of investment products.

Frozen pensioners bemoan unfair rules By International Adviser  28-Jul-2010 08:00 AM
Representatives of more than half a million UK retirees are continuing their fight to have their state pensions linked to inflation like those of pensioners back home, following a bitter defeat in the European Court of Human Rights in March.

Philip Story moves to ZIL from FPI By International Adviser  27-Jul-2010 08:00 AM
Philip Story has been named head of sales in the Middle East for Zurich International Life (ZIL), ending a decade with Friends Provident International, including seven years in the Gulf.

Sabugueiro to head global business unit for Swiss Life By International Adviser  23-Jul-2010 10:00 AM
Carlos Sabugueiro, ex-Zurich International Life chief executive for the Middle East and Africa, is to head up a new international venture for Swiss Life.

Towers takes his leave of Prudential, Leahy steps up By International Adviser  22-Jul-2010 02:00 PM
Peter Towers has left Prudential International Assurance (PIA), where he had been managing director, and his duties there are being assumed by wealth director Michael Leahy.

FPI unveils sentiment index for UAE, Singapore & HK By International Adviser  13-Jul-2010 11:00 AM
Friends Provident International has launched an investor sentiment report, the Friends Investor Attitudes Index, that will provide quarterly insights into attitudes to markets and savings in Hong Kong, Singapore and the United Arab Emirates.

FPI announces healthy rise in first quarter 2010 results By International Adviser  30-Jun-2010 08:00 AM
Combined new business at Friends Provident International (FPI) and Lombard – its European high-net worth specialist sister company – rose 53% in the first quarter of 2010 compared to a year earlier.

Prudential combines UK and int’l business teams By International Adviser  25-Jun-2010 08:00 AM
Prudential is consolidating the UK and international business development teams of its life business in what it says is an effort to improve the service it provides advisers by doing away with ‘onshore’ and ‘offshore’ delineations.

Skandia targets South African investors with two int’l funds By International Adviser  25-May-2010 09:00 AM
Skandia Investment Group (SIG) has launched two new multi-asset funds for Old Mutual’s South African offshore investors.

Standard Life claims stake in FOHF manager Aida Capital By International Adviser  17-May-2010 10:30 AM
Standard Life Investments, the global fund manager, is to acquire a 75.1% stake in Aida Capital, a London-based, FSA-registered fund of hedge funds manager, subject to FSA approval.

Tokio Marine AM appoints business VP By International Adviser  26-Apr-2010 08:00 AM
Tokio Marine Asset Management (London), the Japanese and Asian equities specialist, has named David O’Keeffe as vice-president, business development.

FPI teams with Jupiter and F&C to offer green Sicavs By International Adviser  23-Apr-2010 08:00 AM
FPI has teamed up with Jupiter Asset Management to offer its Jupiter China Sustainable Growth Fund ($) offshore Sicav.

Royal London 360° gets new marketing head By International Adviser  19-Apr-2010 08:00 AM
Royal London 360° has promoted Andrew Dudgeon to product and investment marketing manager.

Irish Life & Permanent five-year bond attracts E2bn By International Adviser  16-Apr-2010 08:00 AM
Irish Life & Permanent continued to tap into the strong institutional investor appetite for bonds with a second issue this year, raising €2bn.

Aegon Ireland offers peace of mind with protected fund By International Adviser  15-Apr-2010 08:00 AM
Aegon Ireland has launched a protected growth fund for offshore bonds to meet adviser demand for products offering a degree of certainty.

Lombard boosts UK life options with PPLI rollout By International Adviser  15-Apr-2010 08:00 AM
Lombard International Assurance has become the first EU life company to launch a Private Placement Life Insurance (PPLI) product into the UK wealth management market.

Baillie Gifford reveals UK equity may no longer satisfy By International Adviser  12-Apr-2010 08:00 AM
Emerging markets offer superior growth prospects, reduced sovereign risk and allow managers to increase their focus on shareholder returns, according to Dominic Neary, fund manager of the Baillie Gifford Global Income Fund.

UK Chancellor ups the ante on his crusade against evasion By International Adviser  09-Apr-2010 08:00 AM
The UK’s Chancellor of the Exchequer pledged to continue the drive to prevent tax evasion and avoidance and will sign tax information agreements with Dominica, Grenada and Belize.

L&G int’l division enjoys healthy growth By International Adfviser  08-Apr-2010 08:00 AM
The international division of Legal & General reported strong growth in 2009 with operating profits more than doubling to £127m, compared with £59m in the previous year.

Guernsey Finance mulls code of conduct By International Adviser  02-Apr-2010 08:00 AM
Guernsey Finance is planning to establish a voluntary code of conduct for QROPS providers based in its jurisdiction.

Skandia Int’l redundancies sees sales team reduced By International Adviser  31-Mar-2010 08:00 AM
Skandia International has made two of its senior sales managers redundant following a review of the efficiency of its sales capacity.

Insight’s Maret takes CLI marketing position By International Adviser  30-Mar-2010 08:00 AM
Canada Life Investment division has appointed Frank Maret as head of investment marketing and client service.

AIMA thumbs up for FSA survey results By International Adviser  26-Mar-2010 08:00 AM
The Alternative Investment Mgt Association has welcomed the FSA’s hedge fund survey which concluded the industry does not pose a systemic risk and features relatively low levels of leverage.

Depositors’ claims rejected by Guernsey bank's parent By International Adviser   23-Mar-2010 08:00 AM
Landsbanki Guernsey depositors were hit with more bad news last month, after the Winding-Up Board of the bank’s Icelandic parent said it had “decided to reject” the claims some individuals had made for compensation.

Standard Bank Offshore eyes UK IFAs By International Adviser  16-Mar-2010 08:00 AM
Standard Bank Offshore, the Isle of Man, Jersey and Mauritius-based subsidiary of South Africa’s Standard Bank, has begun targeting UK IFAs for the first time.

Parmenion puts CLI Premier Account on IFA bond platform By International Adviser  12-Mar-2010 08:00 AM
Parmenion, the provider of IFA platform services, has added the Canada Life International (CLI) Premier Account to its platform.

VAM gets FSA thumbs-up for Lux funds By International Adviser  05-Mar-2010 08:00 AM
VAM Funds, a company that has hitherto concentrated on the overseas market, took a step towards getting a foothold in the UK when eight of its funds were given FSA permission to market in the UK.

BNP Paribas to bring Fortis funds into its Sicav range By International Adviser  02-Mar-2010 08:00 AM
BNP Paribas Investment Partners is to rebrand the Sicav range it bought as part of its purchase of Fortis Investments, starting later this year.

 

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