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Showing 121 - 130 of 1215 results for "Insurers"

ASIC scraps Libertas' AFSL for unpaid compensation

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
... order, including home detention. CSLR chief executive David Berry recently warned AFSLs and their professional indemnity insurers (PII) that fail to pay a determination under the scheme will see their licence revoked. While the cancellation might not ...

Australia's safety nets 'stretched too thin': CALI

MATTHEW WAI  |  MONDAY, 12 AUG 2024
A new report commissioned by the Council of Australian Life Insurers (CALI) revealed that Australians are experiencing higher living costs and increasing mental health issues, making reliable financial safety nets more important. The inaugural State ...

AFSLs can lose licence on CSLR intervention

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
AFS Licensees (AFSLs) and their professional indemnity insurers (PII) that fail to pay a determination will potentially see their licence revoked if the Compensation Scheme of Last Resort (CSLR) has to intervene. CSLR chief executive David Berry warned ...

BNP Paribas in talks to buy AXA Investment Managers

JAMIE WILLIAMSON  |  FRIDAY, 2 AUG 2024
... management. Benefiting from a critical size in public and alternative assets, BNP Paribas would serve its customer base of insurers, pension funds, banking networks and distributors more efficiently." "The strategic partnership entered into with AXA ...

Allianz Retire+ joins CALI

MATTHEW WAI  |  TUESDAY, 30 JUL 2024
The Council of Australian Life Insurers (CALI) has welcomed Allianz Retire+ as its newest full member. Joining as the 20 th member, Allianz Retire+ chief executive Adrian Stewart said he believes the move will better serve the advancement of the life ...

AFCA caps Dixon claimants at 2773

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
... how the scheme is funded. The top 10 APRA-regulated financial institutions, excluding superannuation funds and health insurers, will also foot the bill. The federal government will only fund the period between 4 April 2024, when the CSLR officially launched ...

ASIC, APRA provide FAR update

ELIZA BAVIN  |  FRIDAY, 12 JUL 2024
... Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) have published new information to help insurers and superannuation trustees prepare for the commencement of the Financial Accountability Regime (FAR). The FAR already ...

IFS launches two courses with Kaplan

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... charge a fee or commission with respect to said advice. The federal government has opened the opportunity for banks, insurers, and superannuation funds to employ QAs. Kaplan chief executive Brian Knight said: "These programs will essentially provide ...

AIA Australia releases new member insurance portal

ANDREW MCKEAN  |  MONDAY, 1 JUL 2024
... reflective of its dedication to supporting claimants during their most vulnerable times. "We acknowledge the pivotal role insurers play in providing solutions that give members the confidence to claim. That's why we've invested in uplifting our ...

Citi Australia appoints debt capital markets lead

KARREN VERGARA  |  MONDAY, 24 JUN 2024
... Her new responsibilities include overseeing engagement with institutional partners such as super funds, asset managers, insurers, and wealth platforms. Ashton returned to Citi in 2022 serving as director of equities. Prior to her return, she was the ...