Insurer

Group protection business at Friends Life dropped by more than half in the third quarter of the year while individual business slipped slightly compared to the previous three months.

Consumers want simple financial products to provide a standard limited level of coverage allowing easy understanding and comparison, new research has found.

Swiss Re has reported a 118% increase in net income in the third quarter.

Aviva has seen a slight uplift in its protection sales over the third quarter as it continues its attempt to dominate the market.

Friends Life has signed a new long-term agreement with Best Doctors to include its service in its individual protection policies sold through recognised IFAs.

Bright Grey and Scottish Provident have bucked an 18 month downward trend as new business revenue and applications jumped significantly over the third quarter of the year.

Legal & General has credited diversification into non mortgage related business for strong individual protection results that boosted its third quarter performance.

Royal Bank of Scotland (RBS) has been offered £4bn for its insurance arm by private equity group CVC Capital Partners.

The ABI is set to publish industry guidance to help insurers, brokers and comparison websites better identify insurance application form fraud.

Aviva has confirmed the prospect of long-expected job losses in its Irish operation with the announcement that 770 jobs are set to go from Aviva Ireland.