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Showing 111 - 120 of 392 results for "Insurance Business"

Ten stories that defined the Royal Commission

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... ClearView breached anti-hawking law 300k times Days earlier, the Royal Commission heard ClearView's direct life insurance business breached anti-hawking provisions up to 303,000 times - a significant increase from the 278,664 originally reported ...

MLC admin error hits superannuation DB members

KARREN VERGARA  |  FRIDAY, 14 DEC 2018
... will divest its super and wealth management operations by the end of 2019. It retained 20% of MLC's life insurance business, the majority of which was sold to Nippon Life in 2015. Two years ago, NAB merged five of its super funds into one, creating ...

Challenger bolsters exec lineup

KANIKA SOOD  |  WEDNESDAY, 12 DEC 2018
... started in 2003. He has served as Challenger's chief investment officer and the chief executive of its life insurance business in the past. Prior to joining Challenger, Howes worked at Bankers Trust and Macquarie.

APRA takes action against IOOF

HARRISON WORLEY  |  FRIDAY, 7 DEC 2018
... the various options available to it. ANZ clarified it was still working towards separating OnePath's life insurance business from its pensions and investments arm, and the planned sale of the life arm to Zurich would not be affected. "Given the significance ...

CBA investigates possible privacy breach

JAMIE WILLIAMSON  |  MONDAY, 3 DEC 2018
... identified as part of data segregation work undertaken by the bank in preparation for the sale of its life insurance business to AIA. As such, a review was commenced in August 2018. CBA said a review of files to ensure no unauthorised access of data ...

ASX dismisses concern over AMP sale

HARRISON WORLEY  |  MONDAY, 12 NOV 2018
... protection businesses to UK firm Resolution Life. The $3.3 billion sale includes the wealth manager's life insurance business. According to the ASX, AMP's planned wealth protection divestment does not represent a disposal of the firm's main undertaking ...

ANZ wealth flows decline

KARREN VERGARA  |  WEDNESDAY, 31 OCT 2018
... investments, and four aligned dealer groups to IOOF Holdings for $975 million. Two months later, it sold its life insurance business to Zurich for $2.85 billion. ANZ sold its New Zealand's life insurance business to Cigna Corporation for NZ$700 million. ...

Challenger appoints new chief executive

KANIKA SOOD  |  FRIDAY, 26 OCT 2018
... started in 2003. He has served as Challenger's chief investment officer and the chief executive of its life insurance business in the past. Prior to joining Challenger, Howes worked at Bankers Trust and Macquarie. Challenger board chair Peter Polson ...

AMP divests life business

DARREN SNYDER  |  THURSDAY, 25 OCT 2018
... Resolution founder and Resolution Life executive chairman Sir Clive Cowdery said it respects AMP's life insurance business in Australia and New Zealand. "Over 15 years and the acquisition of 27 life insurance companies, Resolution has developed an ...

TAL slashes jobs, cuts outbound sales

JAMIE WILLIAMSON  |  FRIDAY, 19 OCT 2018
... least 50 staff members at TAL have been made redundant as part of a wider move to scale back its direct life insurance business. TAL said an ongoing program of change has been underway for some time and has so far resulted in reduced staffing requirements ...