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Showing 51 - 60 of 6389 results for "insurance"

New life insurance regulations rolled out

ANDREW MCKEAN  |  WEDNESDAY, 21 FEB 2024
Assistant treasurer and minister for financial services Stephen Jones has issued life insurance regulations that aim to modernise the legislative framework. The Life Insurance Regulations 2024 establishes a threshold for annuities, dictating that the ...

ANZ gets green light for Suncorp merger

CHLOE WALKER  |  TUESDAY, 20 FEB 2024
... Meanwhile, Suncorp Group chair Christine McLoughlin said the decision reflects the importance of strong, sustainable insurance and banking systems equipped to meet the changing needs of customers, communities, and the broader economy. "It's also ...

Rest faces class action over IP premiums

CHLOE WALKER  |  MONDAY, 19 FEB 2024
... class action alleges that from December 2008 to June 2019, Rest automatically enrolled new members in income protection insurance without their active consent. It also claims that when members didn't make any contribution to their Rest account for ...

AIA adds to C-suite lineup

CHLOE WALKER  |  WEDNESDAY, 14 FEB 2024
... achieving high performance." According to recent data from APRA and ASIC, AIA is the second largest player in the group insurance sector in Australia. It has a 29.5% market share, providing life insurance to 2.35 million policyholders and collecting ...

New chair for iExtend

CHLOE WALKER  |  WEDNESDAY, 14 FEB 2024
... manages capital for institutional investors such as endowments, family offices, pension funds, sovereign wealth funds and insurance companies in the USA, Europe and the Middle East. In 2017, he retired from The Sentient Group to establish Moss Ridge ...

Challenger overhauls IT, awards mandate

KARREN VERGARA  |  TUESDAY, 13 FEB 2024
... institutional clients. The transformation involves replacing Challenger Life's core annuity registry with global insurance system ALIP (Accenture Life Insurance and Annuity Platform) and providing new customer portals. The partnership is due to commence ...

Brighter Super adds head of product

ELIZABETH FRY  |  FRIDAY, 9 FEB 2024
... product there, she led product strategy, development and management of EISS's super, pension, defined benefit and insurance offers. Saija was most recently with Aware Super where she held the title of product manager at Aware Super for three years. ...

iExtend finds interim arrangement to operate

KARREN VERGARA  |  TUESDAY, 6 FEB 2024
... services outlined in their agreement with the licensee. These services may include financial advice, investment management, insurance broking or dealing in financial products. Last November, the firm accepted a court enforceable undertaking from ASIC ...

MetLife Australia hires chief operating officer

JAMIE WILLIAMSON  |  FRIDAY, 2 FEB 2024
... welcome. "I'm looking forward to working with our team and our partners to help change the way Australians experience life insurance solutions," she said. In joining, Lacheur replaces David Campbell, who held the role since September 2018. He departed ...

ASIC to tighten grip on super fund misdemeanours

ANDREW MCKEAN  |  FRIDAY, 2 FEB 2024
... 90,000 AustralianSuper members were affected, costing members approximately $69 million in multiple sets of fees and insurance premiums and lost investment earnings on those amounts. "Unintended multiple accounts remain a significant issue for Australian ...