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Showing 121 - 130 of 2174 results for "Insurer"

Life insurers report another profitable quarter

KARREN VERGARA  |  FRIDAY, 30 MAY 2025
The life insurance industry appears to have moved past its loss-making years, reporting a $332 million profit at the end of March, new APRA figures show. About $5.7 billion was generated in insurance revenue, marking a 3% rise from the December 2024 ...

Responsible investing buoyed by instos: RIAA

KARREN VERGARA  |  WEDNESDAY, 28 MAY 2025
Responsible investing is buoyed by strong tailwinds coming from asset owners despite the political and regulatory headwinds, the Responsible Investment Association Australasia (RIAA) Conference heard this morning. The sector is being emboldened by institutional ...

Zurich fined over false and misleading statements

MATTHEW WAI  |  MONDAY, 19 MAY 2025
... The fine comes after the Federal Court's ruling of HCF Life Insurance at the beginning of the month - finding the insurer misled the public over a pre-existing condition term under its Recover products. HCF Life Insurance was subsequently fined $750,000 ...

State insurer names new CIO as government review looms

ELIZABETH FRY  |  THURSDAY, 15 MAY 2025
... Accident Compensation Corporation has appointed David Iverson as chief investment officer of its NZ$50bn fund as the state insurer undergoes reviews of its investment strategy and operational performance. Iverson, who will replace Paul Dyer next month ...

PRI chief executive David Atkin to step down

ELIZABETH FRY  |  THURSDAY, 15 MAY 2025
Industry veteran David Atkin will step down as chief executive of the Principles for Responsible Investment next year, giving the UN-backed body for institutional investors ample time to find his replacement. Atkin, who joined the PRI in 2021, replaced ...

Cbus increases insurance premiums

ELIZA BAVIN  |  WEDNESDAY, 14 MAY 2025
... and discussions with TAL Life, which is the fund's group insurance provider. "Each year we negotiate carefully with our insurer to get you the best value cover we can," Cbus said to members.

TPD claim settlements take 'considerably longer': Rainmaker

MATTHEW WAI  |  MONDAY, 12 MAY 2025
... is highly concentrated with just three insurers holding a total market share of 88%. TAL is the largest death and TPD insurer with a 45% market share. AIA is second with 23%, followed by MetLife with 19%. There are a total of eight insurers serving the ...

HCF Life fined $750k for misleading contract term

KARREN VERGARA  |  FRIDAY, 9 MAY 2025
HCF Life Insurance has been fined $750,000 by the Federal Court for misleading the public about a pre-existing condition term under its Recover products. Last October, the court ruled the term would deny coverage if a customer did not disclose a pre-existing ...

What Labor's second term means for regulators

KARREN VERGARA  |  TUESDAY, 6 MAY 2025
Labor winning a second term means numerous reforms that fell through the cracks in the lead up to the federal election will potentially see the finish line more seamlessly compared to another party taking power, according to ASIC. Meanwhile, APRA said ...

Rest details internal program to reform death benefit processes

ANDREW MCKEAN  |  FRIDAY, 2 MAY 2025
... recent case, consumer advocate Adam Glezer told Financial Standard, he had to bypass the fund and deal directly with its insurer to expedite a terminal illness claim. A Rest spokesperson pointed to demographic factors that may explain the fund's ...