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Showing 1551 - 1560 of 7046 results for "Insurance"

GE, Cheesecake Factory pursued for disclosure violations

ELIZABETH MCARTHUR  |  FRIDAY, 11 DEC 2020
... million for historical disclosure violations. In 2017 and 2018, GE's share price fell 75% as challenges in its power and insurance businesses were disclosed to the public. According to the SEC's order, GE misled investors by describing its GE Power profits ...

Insurer names new chief executive

JAMIE WILLIAMSON  |  WEDNESDAY, 9 DEC 2020
... Life has named Sean McCormack as its new chief executive, just months after he was promoted to the role of chief life insurance officer at MLC Life. He will replace Lesley Mamelok who has been acting in the role and will now return to the role of chief ...

TAL group life lead in new role

JAMIE WILLIAMSON  |  WEDNESDAY, 9 DEC 2020
... manager of group life is set to take on a new role at Zurich in March. Darren Wickham has been appointed head of group insurance at Zurich, joining the insurer's leadership team. With about 30 years' experience as an actuary and in superannuation ...

CBA provides BoCommLife update

ANNABELLE DICKSON  |  WEDNESDAY, 9 DEC 2020
Commonwealth Bank of Australia (CBA) has made progress on exiting life insurance after the China Banking and Insurance Regulatory Commission approved the sale of its stake in BoCommLife. The bank will divest its 37.5% stake in BoCommLife to MS&AD Insurance ...

PPS Mutual transforms underwriting process

ANNABELLE DICKSON  |  TUESDAY, 8 DEC 2020
... month. Members of all ages are no longer required to test for Hepatitis B, Hepatitis C and HIV when applying for life insurance of up to $20 million, total and permanent disability of up to $5 million, trauma insurance of up to $2 million and income ...

Vision Super increases premiums

ELIZABETH MCARTHUR  |  TUESDAY, 8 DEC 2020
Vision Super and its group insurer MLC Life have increased the cost of insurance premiums by 17.8%. The $10.3 billion industry fund said that MLC Life had determined the 17.8% increase was required to continue to cover the cost of providing insurance ...

NAB wins custody mandate

KANIKA SOOD  |  MONDAY, 7 DEC 2020
NAB Asset Servicing has been appointed the custodian for a banking group. Suncorp Group's insurance, wealth and funds management businesses will use NAB Asset Servicing as custodian in Australia and New Zealand. The contract includes nine Suncorp entities ...

Advice firm launches dealer group

JAMIE WILLIAMSON  |  MONDAY, 7 DEC 2020
... run their business," he said. Financial advisers can join IIP Dealer Group for a flat licensee fee of $25,000 plus PI insurance and an iComply2 fee to enable continued improvement of the technology. The pricing also tiers down depending on the number ...

Magnolia bids for real estate agency

KARREN VERGARA  |  MONDAY, 7 DEC 2020
... $7.8 million loss. In August of last year, AU1 completed a private placement of $1.1 million with Magnolia and Honan Insurance Group. The bidder has highlighted its "significant concerns" about a report (the Peters proposal) that deemed the offer price ...

Charter Hall, Allianz Real Estate acquire assets

ANNABELLE DICKSON  |  MONDAY, 7 DEC 2020
... lease back terms plus multiple seven-year options. ALDI has agreed to pay all ongoing property expenses including taxes, insurance and maintenance and the lease will increase 3% per year. Allianz Real Estate Asia Pacific chief executive Rushabh Desai ...