
Transaction to raise €3bn in additional core capital
Story by: Gemma Westacott, FTAdviser
LV= has confirmed it has been approached by investors interested in acquiring Hero, the direct insurance and ecommerce subsidiary of Highway Insurance.
Friends Provident has signed an agreement with AMMB Holdings Berhad to take a 30 per cent stake in AmLife Insurance Berhad, a business comprising the established life operations of AmAssurance Berhad.
A cross-party group of MPs has written to the chancellor Alistair Darling, calling on him to respond to the recommendations made in the wake of the Equitable Life collapse.
Equitable Life has announced it has put its sale process on hold and will now focus on a stable and secure run-off.
A Read across of the retail distribution review for mortgage and general insurance advisers will be explored during the next financial year.
Zurich is urging advisers to move into the business protection area with the launch of a planning tool.
Providers that have continued to deliver top service in trying market conditions were applauded at Financial Adviser's Service Awards on Thursday evening.
Insurance advisers, who issued CIC Greece and CIC Costa Rica policies, have been banned by the FSA following a Financial Services and Markets Tribunal hearing.
Norwich Union has come under fire from an adviser for stopping his permanent health insurance (PHI) payments, claiming he was targeted because his condition is difficult to diagnose.
Axa has reduced the rates on a number of its protection products, cutting approximately 59 per cent of its premiums by an average of 6 per cent.
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