This week, Lloyd's reported pre-tax profit down 30% for 2015 at £2.1bn, with investment income significantly lower and pricing tighter.This week, Lloyd's reported pre-tax profit down 30% for 2015 at £2.1bn, with investment income significantly lower and pricing tighter.
News & Commentary
As 2016 gets underway, the Bank of England is taking its microscope to the connections between insurers’ asset allocation decisions, Solvency II, movements in asset prices and the wider economy.
Closed book pension provider Phoenix Group is reportedly making a move on Deutsche Bank’s UK insurance unit, Abbey Life.
One of the key features of every Insurance Investment Exchange event is the opportunity for the participants to anonymously express their views on a range of topics.
This week, the Financial Conduct Authority(FCA) and the Treasury published their Financial Advice Market Review, which intends to enable wider access to financial advice following the changes brought in through the Retail Distribution Review(RDR) three years ago.
MassMutual, a major US-based mutual life insurance company, has announced a $260bn (£183bn) merger of four asset management affiliates which will be combined under the Barings brand.