Zurich UK sells retail wealth business 'to focus on protection'

Zurich UK has sold its retail wealth business to Embark Group for an undisclosed sum. As part of the deal, Zurich and Embark have entered into a five-year partnership to distribute digital life and protection products through Embark's technology channels. Jim Sykes, Zurich UK's head of UK life, said Embark is "ideally placed to take the platform to the next stage" in its "specialist area", while suggesting the move will allow Zurich to focus on its core retail and group protection business. He said: "In turn, this allows us to focus our resources on our protection business where we...