Insurer

The global reinsurance industry is likely to see more mergers and the next 12 to 24 months are unlikely to see a return to the profitability of the last five years, a report from Standard & Poors' has warned.

Wesleyan has acquired DPAS, which provides practice-branded dental plans.

Zurich made a proposal this morning (25 August) to purchase RSA's entire share capital in cash for 550p a share, which RSA's board said it could recommend subject to further negotiations.

Iain Clark has been announced as British Friendly Society's new marketing and distribution director, having previously been managing director for protection at LV=.

Royal London saw its protection intermediary new business volumes increase by 43% to £231m, the insurer's half year results have revealed.

Just Retirement and Partnership have announced a merger deal.

Unum has acquired National Dental Plan (NDP) from Capita plc, for £31.7m.

Bupa UK has reported that its revenues increased in the first half of 2015, with UK revenue growing 3% to £1,375m, however underlying profit fell 10% to £55.4m, compared to 2014.

Zurich's UK Life business saw profits fall 17% to £55m for the first half of 2015 compared to the first half of 2014 however annualised premium equivalent rose 35% to £466m, the insurer's half year results have revealed.

Legal and General (L&G) saw their UK protection gross premiums grow 4% (£31m) while UK protection new business annual premiums declined by 3% (£4m) in the first half (H1) of 2015 compared to H1 2014.