Insurer

Friends Life will not see any change driven by Resolution's decision not to split the business, the provider has said.

Lifesearch is canvasing the industry's larger and most influential advisers in a bid to move forward its Protection Code of Conduct concept.

Resolution has confirmed it will make no more acquisitions and abandoned plans to split the Friends Life business after revealing a 58% fall in profits.

Swiss Re's net income attributable to common shareholders fell by $877m to $83m (2011: $960m) in the second quarter of 2012 owing to a $1bn loss from the sale of the US business Admin Re.

Insurer Aviva recorded a loss after tax of more than £680m in the first half of the year, after writing down some £870m of goodwill at its US business.

Bupa's half-year results have highlighted this year's large-scale investment and strength in international markets and care services.

Mark Hoban, financial secretary to the Treasury, has announced proposals that will help the authorities deal with the failure of parts of the financial system other than banks.

Aviva is preparing to sell its US division at an estimated loss of £800m, according to reports.

Simplyhealth is to combine its private medical insurance (PMI) operations in one location.

Scottish Widows is considering moving into the group risk market.