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BANKINTER and MAPFRE have reached an agreement with Barclays to acquire the Life and Pensions business of this financial institution in Portugal. The deal, which amounts to 75 million euros, was closed through BANKINTER SEGUROS DE VIDA, an affiliate jointly controlled by MAPFRE and BANKINTER. |
In 2014, Barclays Vida y Pensiones reached 150 million euros in premiums and 12 million euros in net profit in Portugal.
Additionally, it has over one billion euros worth of assets under its management and a market share of 1.4 percent. "This deal," explained Antonio Huertas, Chairman & CEO of MAPFRE, "offers us three significant benefits: we grow in Portugal, we extend our profitable alliance with Bankinter to this country, and we increase our significance in life insurance." BANKINTER SEGUROS DE VIDA was created as a joint venture in 2007 to jointly develop the business of Insurance for Life Risk, Accidents, Savings Life Insurance and Pension Plans. At the close of 2014, it administered 1,944 million euros in pension funds/EPSV, and 192 million euros in savings insurance; it managed 71 million euros in Life Risk and Accident premiums and, as such, reached a net profit of 34.7 million euros. At the start of 2014, this alliance was extended to Non-Life insurance by creating BANKINTER SEGUROS GENERALES, which markets Multi-peril insurance products and different types of policies for Funeral insurance. |
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| Commercial lines casualty pricing | ||
| London / hybrid 1-2 dpw office-based - Negotiable | ||
| Life Insurance Senior Consultant | ||
| Flex / hybrid 2-3 dpw office-based - Negotiable | ||
| Scheme Actuary | ||
| Nationwide with hybrid working options - Negotiable | ||
| Liability Portfolio Manager | ||
| London / hybrid 3 dpw office-based - Negotiable | ||
| Investment DB Actuarial Analyst | ||
| Flex / hybrid 2 days p/w office-based - Negotiable | ||
| Actuarial Reserving Manager | ||
| London / hybrid 2 days p/w office-based - Negotiable | ||
| Senior Associate - Trustee Pensions | ||
| Nationwide / hybrid 1-2dpw office-based - Negotiable | ||
| Head of MA and Investment Business Pa... | ||
| London/Hybrid - Negotiable | ||
| Actuarial Pricing Analyst – Specialis... | ||
| London / hybrid 1 dpw office-based - Negotiable | ||
| Pricing Pioneer | ||
| Flex / hybrid 2-3 dpw office-based - Negotiable | ||
| Investment Manager | ||
| London/Hybrid - Negotiable | ||
| Senior Actuarial Analyst | ||
| London/Hybrid - Negotiable | ||
| Pension Consultant - de-risking projects | ||
| UK-wide / hybrid 2 dpw office-based - Negotiable | ||
| Island Pricing | ||
| Bermuda - Negotiable | ||
| Choose Life! | ||
| Various locations - Negotiable | ||
| Capital leadership in the Capital - L... | ||
| London/hybrid 2-3dpw office-based - Negotiable | ||
| Senior Capital Actuary - London Market | ||
| London/hybrid 2-3dpw office-based - Negotiable | ||
| DC Pensions Advisory Consultant | ||
| London or Manchester / Hybrid working - Negotiable | ||
| Senior Pensions Data Technician - Ful... | ||
| Fully remote - Negotiable | ||
| Chief Actuary | ||
| London - Negotiable | ||
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