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Showing 141 - 150 of 841 results for "Resolution"

Life insurance industry profits double, premiums rise: KPMG

ANDREW MCKEAN  |  TUESDAY, 17 OCT 2023
... stark contrast to reinsurers, where only two out of seven posted profits, accumulating a combined loss of $300 million. Resolution Life topped the list of the highest direct profit as a percentage of revenue, recording 28.6%, followed by Challenger at ...

Equip Super welcomes new chair

CHLOE WALKER  |  TUESDAY, 17 OCT 2023
... Department of Finance, The GPT Group, and Suncorp Group. Currently, he serves as Heritage and People's Choice chair, Resolution Capital chair, and icare (Insurance and Care NSW) deputy chair. "I am thrilled to welcome Michael as the chair of the ...

Risk sector grows 4%: Research

KARREN VERGARA  |  FRIDAY, 29 SEP 2023
... million. ClearView (7.5%) with $214 million and Zurich (5.4%) with $1.6 billion also reported strong inflows for the year. Resolution Life was the only insurer to report a decline in this category of -2.1%, ending the period with $867 million. Activity ...

APRA consults on hybrid bond resilience

CASSANDRA BALDINI  |  THURSDAY, 21 SEP 2023
... which would make it particularly challenging to use the securities to facilitate the recapitalisation of a bank in resolution. "APRA would be concerned that imposing losses on these investors would bring complexity, contagion risk and undermine confidence ...

AustralianSuper sued over multiple accounts

JAMIE WILLIAMSON  |  FRIDAY, 8 SEP 2023
... identify and combine multiple accounts. "AustralianSuper will continue to work with ASIC to bring these proceedings to a resolution," it said.

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... of New South Wales by Munich Re in April 2023. Central to the proceedings is the manner in which both Munich Re and Resolution Life Australasia (formerly AMP Life and also named as a defendant) entered into certain reinsurance agreements in 2016 and ...

DB Results launches policy admin system

CHLOE WALKER  |  MONDAY, 21 AUG 2023
... the industry into a new stage of growth," he said. DB Results is said to have worked with industry experts including Resolution Life Australasia on the design of PAS. Resolution Life is now working with DB Results for a second migration of its recently ...

Veteran adviser cops permanent ban

KARREN VERGARA  |  TUESDAY, 15 AUG 2023
... proper person" to do so. ASIC has subsequently cancelled the AFSL of PWMS with a condition that the external dispute resolution and arrangements for compensating clients remain in place for 12 months. ASIC's concerns, which involved PWMS offering redeemable ...

AMP provisions $50m in response to class action

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
Amid the Financial Adviser Class Action fallout, AMP has suspended its capital return, with a resolution expected by year-end. AMP has set aside a $50 million provision, reflecting its preliminary assessment of potential liabilities associated with ...

Sequoia hires chief operating officer

JAMIE WILLIAMSON  |  TUESDAY, 8 AUG 2023
... acquisition; Sequoia saying this will have him well prepared for the new gig. "Justin is known for his proven dispute resolution and mediation skills and will take ownership of that role within Sequoia's Licensee Services Division," the group said. ...