Adviser / Broking

Bronek Masojada, the chief executive of Hiscox has called for a separate trade body to represent the interests of general insurance from those of the life and savings sector.

IFAs are under-equipped to benefit from a looming explosion of interest in long term care products, says a market specialist.

Resolution confirmed it has acquired the Axa UK Life business, including its protection, corporate benefits and annuities arms.

Aegon is halving the number of its UK sales centres as part of a restructure designed to cut operating costs by 25% by the end of next year.

Royal London group chief executive Mike Yardley is planning to step down to focus on helping the industry tackle future challenges.

The drive towards higher professional standards is here to stay, according to Sesame Bankhall.

Axa has insisted that it has no intention of selling its Bluefin Insurance Group and remains fully committed to the distribution market.

Friends Provident says it sees no near term improvement in the UK protection market after announcing a fall of 10% on individual sales for the last six months.

Tenet is stepping in to bail-out adviser firms that have been let down by "unsympathetic or unwilling" banks.

Professional indemnity (PI) insurance premiums are set to soar, due to the "unregulated" status of some of the industry and the relative ease with which a brokerage can be established, said Tenet Group.