Transaction to raise €3bn in additional core capital

Aegon completes €3bn capital raising with Dutch govt

Dutch insurer Aegon has completed a transaction to raise €3bn in additional core capital from the Dutch government.

LV= receives investor interest in its Hero business

LV= has confirmed it has been approached by investors interested in acquiring Hero, the direct insurance and ecommerce subsidiary of Highway Insurance.

Friends takes 30% stake in Malaysian life business

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.

Darling urged to respond to Equitable Life inquiry

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 puts sale process on hold

Equitable Life has announced it has put its sale process on hold and will now focus on a stable and secure run-off.

Read across due in next year

A Read across of the retail distribution review for mortgage and general insurance advisers will be explored during the next financial year.

Zurich launches business protection tool

Zurich is urging advisers to move into the business protection area with the launch of a planning tool.

Top marks for top service in a night to remember

Providers that have continued to deliver top service in trying market conditions were applauded at Financial Adviser's Service Awards on Thursday evening.

FSA bans advisers issuing nonexistent policies

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.

NU under fire over chronic fatigue claims

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 cuts premiums on 59% of its protection products

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.

Comment

Protection, a saviour in times of need?: Gerry Warner

Libor, which governs the rates at which banks lend to one another, has dropped and the Bank of England surprised us all with an unexpected decrease in the base rate.

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Feature

When the improbable happens

Life companies have been severely tested in the past few months.

News Analysis

Eight life offices not applying MVRs

Returns hold up despite more companies applying reductions

Feature

Protection for women

Women still have less protection then men, but who is to blame? Helen Pridham investigates


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