Insurer

Ageas is selling its life and protection arm Ageas Protect to American International Group (AIG) for £181 million.

Friends Life is to sponsor the Tour of Britain cycle race.

Aviva paid out £12.9 million to individual income protection customers in 2013.

Engage Mutual has launched an updated ‘funeral calculator' on its adviser community site, enabling intermediaries to access up-to-date cremation and burial costs.

Sun Life Direct is to rebrand as Sun Life, with ambitions to become the UK's leading direct-to-consumer financial services brand.

A generous insurance boss spent more than £500,000 throwing an office party for his staff - which even featured a concert by Olly Murs.

Over half (53%) of insurance industry executives believe there are ‘huge' opportunities for insurers to improve efficiencies and cut costs, according to new research.

KPMG International has released an industry paper, "How well is the life insurance industry keeping pace with rapidly changing technology?", which found it is at risk of falling behind through not embracing today's technologies.

The Association of British Insurers (ABI) has said the insurance industry ‘fully supports' the findings of the HSCIC Partridge review in safeguarding the use of medical data.

Both premium income and proportion of claims paid dropped in 2013 for Simplyhealth, however the medical insurer hit all financial targets set for the year.