mergers

More consolidation expected

Reinsurers are facing pressure from competition and are likely to find it difficult to maintain strong profitability in the next two years, Standard & Poor's has warned.

The global reinsurance industry is likely to see more mergers and the next 12 to 24 months are unlikely to see a return to the profitability of the last five years, a report from Standard & Poors' has warned.

Just Retirement and Partnership have announced a merger deal.

OneFamily, the brand for the combined Engage Mutual and Family Investments business, has called on advisers to help direct families to financial support they may be entitled to.

Towers Watson has merged with insurance broker Willis Group in an $18bn (£11.4bn) deal to create a wide-ranging global advisory, broking, and solutions provider.

Darren Spriggs, managing director of AIG Life has said that he will stay on to ensure the transition of the business to a new team after announcing his resignation.

Mutuals Engage Mutual and Family Investments have now rebranded as OneFamily following the completion of a merger announced at the end of 2014.

Aviva has announced changes to its senior management following the acquisition of Friends Life by Aviva.

In part one of three videos, AIG Life's managing director Darren Spriggs tells COVER about AIG's purchase of Ageas Protect, Ageas Protect's rebranding to AIG Life and what advisers need to know about the changes.