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Showing 1 - 10 of 11 results for "Mitsui Sumitomo"

CBA offloads general insurance arm

ANNABELLE DICKSON  |  MONDAY, 21 JUN 2021
... after the bank divested its 37.5% stake in BoCommLife to MS&AD Insurance Group Holdings, the parent company of Mitsui Sumitomo Insurance Co for $886 million. CBA is also expected to complete the sale of CommInsure Life to AIA Australia in the coming ...

CBA provides BoCommLife update

ANNABELLE DICKSON  |  WEDNESDAY, 9 DEC 2020
... BoCommLife. The bank will divest its 37.5% stake in BoCommLife to MS&AD Insurance Group Holdings, the parent company of Mitsui Sumitomo Insurance Co for $886 million. CBA has revised the non-cash gains and losses of divestments of BoCommLife, CFS, CFSGAM ...

Board addition strengthens strategic relationship

ELIZABETH MCARTHUR  |  MONDAY, 26 AUG 2019
... shareholding to over 15% of issued capital and Challenger commenced reinsurance of US currency annuities issued by Mitsui Sumitomo Primary Life. Kobayashi is director and managing executive officer (corporate planning, risk management and finance) for ...

Japanese insurer gets Treasury tick to up Challenger stake

KANIKA SOOD  |  MONDAY, 19 AUG 2019
... association with business expansion. Challenger Life started by providing provide Australian-dollar annuities to Mitsui Sumitomo Primary Life Insurance Company (a subsidiary of MS&AD). In March this year, they entered a new agreement where Challenger ...

CBA sells interests in Chinese insurer

JAMIE WILLIAMSON  |  WEDNESDAY, 23 MAY 2018
... joint venture for $668 million. CBA sold its 37.5% equity interest in BoComm Life Insurance to Japanese insurer Mitsui Sumitomo as per a condition of the bank's sale of its Australian and New Zealand life insurance businesses to AIA Group announced in ...

Challenger flags new Fidante partnership, record profit

ALEX BURKE  |  TUESDAY, 13 FEB 2018
... under management (up 18% to $76.5 billion) and life sales (up 21% to $3.3 billion). The 20-year maturity with Mitsui Sumitomo Primary Life Insurance Company, announced in 2016, accounted for 17% of 2018 first-half life sales. Challenger chief executive ...

Annuity sales boost Challenger results

KARREN VERGARA  |  TUESDAY, 15 AUG 2017
... product offerings. Long-term sales, which include lifetime annuities and 20-year maturity from its Japanese business Mitsui Sumitomo Primary Life Insurance or MS Private, accounted for 40% of life sales. In October 2016, Challenger entered into an annuity ...

Challenger reveals key annuity relationships

KERRIE SYDEE  |  THURSDAY, 27 OCT 2016
... will now be available through AMP's investment and administration platforms and will also be available through Mitsui Sumitomo Primary Life Insurance Company (MS Private) - a provider of Australian dollar annuity and life insurance products in Japan. ...

Market wrap - morning

AAP  |  WEDNESDAY, 13 JUN 2007
... cent. Shares of shipping firms and airlines fell on concern about higher fuel costs. Investors took profits in Mitsui Sumitomo Insurance and other recent gainers. The Nikkei shed 73.57 points to close to 17,760.91. HONG KONG - Hong Kong stocks edged ...

Market wrap - morning

AAP  |  TUESDAY, 12 JUN 2007
... TOKYO - The Nikkei rose 0.31 per cent as Honda Motor Co and other exporters rose following gains in US stocks. Mitsui Sumitomo Insurance Co Ltd and its peers rose on expectations it would benefit from higher yields on government bonds. The Nikkei added ...
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