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Showing 101 - 110 of 392 results for "Insurance Business"

Zurich finalises OnePath acquisition

KARREN VERGARA  |  TUESDAY, 4 JUN 2019
Zurich has completed its acquisition of ANZ's life insurance business OnePath. More than 500 employees nationwide have joined the Zurich Life and Investments team. It also marks the commencement of a 20-year distribution agreement via ANZ's bank channels. ...

Fintechs to play vital ESG role: AXA

ELIZABETH MCARTHUR  |  MONDAY, 27 MAY 2019
... this demand and preparing for the effects of climate change. "We're starting to use information from AXA's insurance business to understand geolocation of assets so that we can create a physical risk approach. You have to think about supply chains and ...

ANZ provides update on wealth sale

ELIZABETH MCARTHUR  |  MONDAY, 13 MAY 2019
... deadline. ANZ completed the legal separation of the OnePath Pensions and Investments business from its life insurance business last month. The sale of ANZ's life insurance business to Zurich is expected to be finalised at the end of this month.

TAL restructures retail arm, announces job cuts

KARREN VERGARA  |  TUESDAY, 7 MAY 2019
... will make some jobs redundant after reviewing its recent acquisition of Asteron, Suncorp's Australian life insurance business. Realigning the retail businesses will consequently reduce headcount across both the TAL and Asteron brands and introduce ...

ANZ serious on cost cuts

ELIZABETH MCARTHUR  |  MONDAY, 6 MAY 2019
... The reduction in business costs is expected to come from selling Asian retail services, the sale of its life insurance business to Zurich, completing the sale of its pensions and investments business to IOOF, reducing product offering and restructuring ...

AMP leaks $1.8bn, names new CFO

HARRISON WORLEY  |  THURSDAY, 2 MAY 2019
... the sale agreement in October, our financial results have reinforced that AMP is not the best owner of a life insurance business with higher capital requirements and earnings volatility," Murray said. "Indeed, the recent sale of many major life insurance ...

ASA to vote against AMP remuneration

HARRISON WORLEY  |  FRIDAY, 26 APR 2019
... employment." The association also slammed AMP for failing to seek shareholder approval for the sale of its life insurance business to Resolution Life last year, which caused concern among shareholders together with enduring the financial services Royal ...

Macquarie expands US funds management

KANIKA SOOD  |  FRIDAY, 12 APR 2019
... October and December. Macquarie IM will also manage a portion of Foresters' general account supporting its life insurance business. It will also support advisors of a third-party Cetera Financial Group which is looking to buy select assets of the US ...

TAL to add remediation head

HARRISON WORLEY  |  TUESDAY, 26 MAR 2019
... detail on the amount of remediation payable, TAL did not confirm. TAL recently acquired Suncorp's life insurance business, which was housed within its Insurance Australia division prior to the sale. In its 2017/18 annual report, Suncorp noted 113,210 ...

Harder for insurers to dodge claims

KANIKA SOOD  |  MONDAY, 4 FEB 2019
... be prohibited, just like for superannuation products. In September, ClearView admitted it's direct life insurance business had breached the anti-hawking law more than 300,000 times, at the RC public hearings. Stronger codes of practices Another key ...