OneLife

Bruno Valersteinas has been formally appointed as Chief Executive Officer at OneLife per 1 August, replacing Antonio Corpas who passed away due to an accident in January.

OneLife said that Valersteinas’ appointment has been approved by the Commissariat aux Assurances, the supervisor for Luxembourg’s insurance sector. He formally takes on the role as CEO and dirigeant agréé, or authorised manager. 

Luxembourg life assurance and wealth management company OneLife has been fined 580,000 euro by the country’s insurance supervisor Commissariat aux Assurances (CAA) after “certain failures” were detected in the firm’s anti-money laundering and counter-financing of terrorism (AML-CFT) systems.

Following an accident in December, Antonio Corpas, chief executive officer of The OneLife Group, passed away last Saturday, the company has announced. He was 54 years old. 

The modern bank and insurance broker can to a large extent fill the gap left by the major banks. He can do this by giving personal advice to his clients and fully mapping out their financial situation. Digitalisation also plays an important role in this.

This emerged from an interview with Marc Dhondt (photo), the Belgian representative of the Luxembourg life insurance company OneLife, as part of the BZB congress that was held on 21 October. 

At the 14th Investment Forum of Luxembourg-based life insurance specialist OneLife, global equity funds were the most popular. Bond funds seem to have fallen out of favour.

The forum was held over two days for a (limited) live audience while absentees could follow the event at home via streaming. This edition brought together quite a few fund managers who mainly exchanged investment ideas and insights. And equities received a lot of attention anyway.

What about the economy?