RSA announced this morning that it has signed contracts to dispose of £834m of UK legacy insurance liabilities to Enstar Group. The FTSE 100-listed insurer said the transaction “initially takes the form of a reinsurance agreement”, effective from 31 December 2016. The group also said the deal was a boon to its capital position and […]

The government should do more to help older homeowners to downsize, a new study has claimed. In anticipation of the government’s housing white paper, which is released today (7 February), Legal & General’s last time buyer report highlighted the growing market of last-time buyers (LTBs), who own larger properties but can’t afford to downsize. The report, […]

Allianz SE Chief Executive Officer Oliver Baete has 3 billion euros ($3.2 billion) to spend on acquisitions and is scouting for targets from Australia to Italy. Rushing into a deal would be a mistake, according to some investors and analysts. With two weeks remaining before a self-imposed deadline, Baete should take a “disciplined” approach to […]

Just has reported an 11 per cent fall in total new business sales in the 12 months to 31 December 2016, as group chief executive Rodney Cook says the business is “more than delivering the expected benefits” of the 2016 merger between Just Retirement Group and Partnership Assurance. Total new business sales fell from £2.7bn in 2015 […]

PWC Paul Delbridge has taken on the role of London market insurance leader at PWC. Paul is a partner with 30 years’ experience at the firm, including three years in New York, almost all of which has been spent in the insurance and reinsurance sectors. He has worked on a wide rage of client projects […]

INSURANCE IS ONE OF THE UK’S MOST TRADITIONAL, MONOLITHIC INDUSTRIES, DOMINATED BY WHITE MEN. DIRECT LINE’S JENNIFER THOMAS IS TRYING TO CHANGE THAT. Jennifer Thomas, head of internal communications at Direct Line Group, is confident and self-assured. But when asked about her first role in the mainly white, male world of insurance, she says, ‘I […]

The UK is a nation of dog lovers. And for those of us that know what it is, the country is also becoming rather a fan of the burgeoning internet of things. So with the good old fashioned entrepreneurial spirit Britain is famous for, PitPat, founded by former Dragons’ Den contestant Andrew Nowell, has developed technology to […]

Phoenix Group, the UK’s largest specialist consolidator of closed life and pension funds, has revealed the scale of potentially fraudulent pension transfers it has had to tackle. With more than 6.1 million policyholders and £74bn of assets held by the group’s life companies, including the acquired Axa Wealth, SunLife and Abbey Life businesses, since the start of 2013 Phoenix has […]

Paul Matthews, Standard Life’s chief executive of UK and Europe, is to retire from the firm after 28 years. Matthews, who joined the firm in 1989 in a distribution role, will step down in March and retire in August. Barry O’Dwyer, currently chief executive at Standard Life Assurance, will replace Matthews on the board as an […]

Vitality Life’s latest protection deal adjusts premiums according to the outcome of ongoing health checks. Vitality Life has launched a Wellness Optimiser product, which offers customers an upfront discount and annual premium discounts if they take the right steps to monitor their health. Members will receive a discount of up to 40 per cent for […]