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Showing 131 - 140 of 392 results for "Insurance Business"

Members abandon bank-aligned group insurers

KARREN VERGARA  |  TUESDAY, 5 JUN 2018
Latest Rainmaker group insurance research shows the share of superannuation fund members associated with a bank-aligned group insurer has halved in the last four years. The number of not-for-profit (NFP) superannuation members linked to a bank-aligned ...

Australian Unity Trustees signs tech partnership

JAMIE WILLIAMSON  |  MONDAY, 4 JUN 2018
... Bravura's Garradin won an administration platform mandate from Foresters Friendly Society, a funeral bond and insurance business. Bravura's wealth management platform Sonata has also won a number of mandates in recent months including from the ...

ANZ sells NZ life insurance business

ALEX BURKE  |  WEDNESDAY, 30 MAY 2018
ANZ has agreed to sell its OnePath Life New Zealand business to a US-based global insurer. Cigna Corporation will acquire OnePath Life for NZ$700 million, which ANZ said represents a "slight premium to embedded value and is expected to generate a gain ...

MetLife Australia chief to lead industry fund

JAMIE WILLIAMSON  |  WEDNESDAY, 23 MAY 2018
The chief executive of MetLife's Australian life insurance business has been appointed chief executive of a $90 billion industry superannuation fund. Deanne Stewart will succeed Michael Dwyer as chief executive of First State Super when he steps ...

CBA sells interests in Chinese insurer

JAMIE WILLIAMSON  |  WEDNESDAY, 23 MAY 2018
... insurance businesses in Australia and New Zealand to AIA Group, and the strategic review of the group's life insurance business in Indonesia." BoComm Life is intending to undertake a capital increase ahead of finalising the sale, with CBA making a pro ...

Life insurers should fund medical rehabilitation: MLC

KANIKA SOOD  |  MONDAY, 21 MAY 2018
... a life insurance company to cover medical treatment costs falls squarely within the definition of a "health insurance business" under the PHI Act 2007. It is possible that excluding this kind of insurance from the definition will enable life insurers ...

PIMCO and Allianz begin hiring spree for new business

ALEX BURKE  |  THURSDAY, 17 MAY 2018
... adding: "The collaboration harnesses the scale and technical experience of Allianz's 127 year-old global life insurance business, as well as PIMCO's global depth and expertise in investment management." While Stewart clarified that ultimately ...

ANZ considering buy-back with life insurance paycheck

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
... shares for the potential buyback announced today during this two-week period. In December, ANZ sold its life insurance business for $2.85 billion to Zurich in a move that will make the purchaser Australia's largest retail life insurer. The sale comprises ...

NAB to divest MLC

ALEX BURKE  |  THURSDAY, 3 MAY 2018
... act as authorised representatives of the business (proprietary and aligned). The bank already sold its life insurance business, under the MLC brand, to Nippon Life in 2015. In a media briefing, NAB chief executive Andrew Thorburn said the divestment ...

CBA mulls sale of Indonesian life business

JAMIE WILLIAMSON  |  TUESDAY, 3 APR 2018
Commonwealth Bank will potentially offload its Indonesian life insurance business as part of a strategic review. The bank announced it is undertaking a strategic review of PT Commonwealth Life (PTCL) and has engaged external advisers to weigh the possibility ...