Axa

Buyout vehicle Resolution expects to have £500m of excess cash to return to shareholders over the next 12 months after completing its work examining the cash and capital position of Friends Life, its new proposition formed from the merger of Friends Provident...

Friends Life total new business rose 52% in Q1 compared to a year earlier, with sales from parent company Resolution's newly aquired businesses driving performance.

Friends Life is to consolidate its individual protection streams onto a single platform, based around the recently acquired Bupa proposition.

LifeSearch has called on the ABI and Treasury to halt the European Court of Justice's (ECJ) "ignorant" ruling to ban gender-based underwriting.

Resolution, the buy-out vehicle launched by entrepreneur Clive Cowdery, is highly unlikely to make any further acquisitions and will instead focus on developing new life products.

Axa has amended its critical illness product and unveiled a client support service for all products within its protection account.

Resolution confirmed it has acquired the Axa UK Life business, including its protection, corporate benefits and annuities arms.

Axa has insisted that it has no intention of selling its Bluefin Insurance Group and remains fully committed to the distribution market.

The Government has announced a policy of cutting across all departments. Peter Barnett assesses what this regime of a thousand cuts means for the protection and health intermediary

AXA Group's sale of part of its UK Life business to Resolution Group has led to a 30% drop in income for the first half of 2010.