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An attempt to ReAssure advisers: Company to stop denying transaction history requests

Policy provider ReAssure has come under fire after it has begun to reject advisers' requests for client policy transaction histories but has now promised to start fulfilling, Professional Adviser can reveal. ....

Morgan Williams , Daniel Williams , Guardian Financial Services , Old Mutual Wealth , Barclays Life , Guardian Financial , Professional Adviser , Information Commissioner , மோர்கன் வில்லியம்ஸ் , டேனியல் வில்லியம்ஸ் , பாதுகாவலர் நிதி சேவைகள் , பழையது பரஸ்பர செல்வம் , பார்க்லேஸ் வாழ்க்கை , தகவல் ஆணையர் ,

Cinven and GIC Complete Purchase of UK Broker Miller from Willis Towers Watson

Cinven and GIC Complete Purchase of UK Broker Miller from Willis Towers Watson
March 1, 2021
Cinven, the international private equity firm, and GIC, Singapore’s sovereign wealth fund, have completed the acquisition of leading specialist insurance and re/insurance broker, Miller, from Willis Towers Watson.
The acquisition was first announced in November 2020. Although financial details of the deal were not disclosed, Bloomberg reported that the deal values the business at about 680 million pounds ($947 million), according to people familiar with the matter.
In a February 2020 filing with the U.S. Securities and Exchange Commission, WTW announced that it was considering “strategic alternatives” with respect to Miller. WTW purchased an 85% stake in Miller 2015. The sale of Miller reportedly was deemed necessary in order to address antitrust concerns of the proposed merger of Aon and WTW. ....

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Guardian research sparks debate around terminal illness definition

Most advisers (67%) didn’t realise that so many life insurance claims were for terminal illness.
When told that terminal illness claims account for 20-25% of the industry’s life insurance claims, 67% said this was higher or much higher than they thought.
Only a quarter said this was in line with their expectations and 6% said this was lower than they thought.
Standard industry practice currently is for life insurance policies with a terminal illness definition to pay out when they have evidence that the claimant has less than 12 months to live.
Of the 553 advisers surveyed, 91 said they’d had clients who’d made a terminal illness claim. ....

Katya Maclean , Guardian Financial Services , கட்டிய மக்லேந் , பாதுகாவலர் நிதி சேவைகள் ,