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Showing 171 - 180 of 392 results for "Insurance Business"

AMP prioritises reinsurance, grows advice arm

KARREN VERGARA  |  THURSDAY, 10 AUG 2017
AMP is ramping up its reinsurance strategy in an effort to release $500 million in capital from its life insurance business and curb volatile earnings in a "challenging industry." AMP chief executive Craig Meller today announced the company signed a ...

CBA contemplates CommInsure sale

ALEX BURKE  |  WEDNESDAY, 9 AUG 2017
... confirmed in its annual results presentation that third parties are discussing an acquisition of the bank's life insurance business. Describing CommInsure as a "strong business with scale, expertise, competitive products and access to attractive distribution ...

Two appointments for BTFG life business

KARREN VERGARA  |  MONDAY, 17 JUL 2017
BT Financial Group made two executive hires for its life insurance business. Kim Cohen will drive product innovation and customer-focused solutions as the life insurance business' head of product. Cohen joined BTFG in 2008 as a life pricing actuarial ...

Bravura inks deal with $4.7bn insurer

ALEX BURKE  |  THURSDAY, 13 JUL 2017
... see across this market," Klim said. This win for Bravura follows its renewed five-year mandate with the life insurance business of Lloyds Banking Group in May.

BTFG drags Westpac performance

KARREN VERGARA  |  MONDAY, 8 MAY 2017
... higher regulatory compliance costs, as well as a spike in general insurance claims from Cyclone Debbie. The life insurance business however, was a standout performer. Cooper attributed this to the quality of products and its customer focus, having enabled ...

Macquarie boosts AUM, earnings flat

KARREN VERGARA  |  FRIDAY, 5 MAY 2017
... accounts (SMA). Some 75 SMAs are offered on Macquarie Wrap from 18 investment managers. Income for its life insurance business meanwhile was slashed from $56 million to $27 million compared to the previous corresponding period, thanks to the sale of ...

Bravura extends international mandate

JAMIE WILLIAMSON  |  FRIDAY, 5 MAY 2017
Bravura Solutions was awarded a renewed mandate from the insurance business of one of the UK's largest retail banks. The financial services software provider signed a new five-year contract with Lloyds Banking Group to continue its insurance arm's funds ...

NAB Wealth growth steady

KARREN VERGARA  |  THURSDAY, 4 MAY 2017
... Bank's wealth business reported modest growth in the half year to March, while finalising the sale of its life insurance business contributed significantly to the group's bottom line. NAB does not split out its consumer banking and wealth segments, but ...

Suncorp appoints non-executive director

EMMA RAPAPORT  |  FRIDAY, 7 APR 2017
Suncorp has filled a board vacancy with the appointment of a new non-executive director. Joining Suncorp's board is Simon Machell. He is currently a non-executive director and chairman of the risk committee at Prudential Corporation Asia, and chairman ...

Public service veteran retires from AMP

ALEX BURKE  |  MONDAY, 20 MAR 2017
... which Brenner described as unsatisfactory and said "a significant factor... was the underperformance of our insurance business, driven by extremely challenging operating conditions in the insurance sector."