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Showing 251 - 260 of 392 results for "Insurance Business"

Life insurance losses drag AMP results

LAURA MILLAN  |  THURSDAY, 20 FEB 2014
... attributed its 2% fall in net profit from $689 million in 2012 to $672 million in 2013 to difficulties in its life insurance business. The company meanwhile reported an underlying profit of $849 million in FY13 compared to $950 million for FY12, which ...

CommInsure appoints head of investment strategy

LAURA MILLAN  |  FRIDAY, 14 FEB 2014
... role in December 2013 and is responsible for developing, implementing and reporting on Commonwealth Bank's insurance business investment strategies. "We're pleased to welcome Craig to CommInsure as Head of Investment Strategy in the Superannuation & ...

APRA issues warning on group risk

ALEX DUNNIN  |  MONDAY, 13 JAN 2014
... highly competitive super fund group insurance market that had pushed insurers to the edge. "Much growth in group insurance business in the past had been generated from changing benefit designs and structures to better meet superannuation members' needs. ...

TAL launches 'world first' group insurance technology

JAMES FERNYHOUGH  |  MONDAY, 4 NOV 2013
Life insurer TAL has developed a new web-based technology for its group insurance business, enabling it to deal more directly with those holding life policies through superannuation. The technology was developed with UniSuper, to coincide with the commencement ...

MetLife appoints new head of distribution

MARK SMITH  |  TUESDAY, 29 OCT 2013
... position, and will be pivotal in continuing the growth and success of MetLife in Australia's Group and Direct insurance business." MetLife chief executive officer in Australia Marc Lieberman said.

AMP platforms soar, SMSFs dawdle

JAMES FERNYHOUGH  |  FRIDAY, 25 OCT 2013
... administered an extra 150 self-managed superannuation fund trustees, taking the total number to 9,800. AMP's insurance business - including life, total and permanent disability, income protection and group - took $2.1 billion in premiums, up from $2 ...

TOWER announces $70 million special dividend

JAMES FERNYHOUGH  |  TUESDAY, 17 SEP 2013
... insurer TOWER plans to return an initial $70 million of capital to shareholders following the sale of its life insurance business in May this year. TOWER sold the majority of its life insurance to business to fellow Kiwi life insurer Fidelity Life Assurance ...

ClearView reports 92% drop in profits

JAMES FERNYHOUGH  |  TUESDAY, 27 AUG 2013
... the term life insurance portfolio written before 2011. "The claims experience of the recently written life insurance business was favourable in FY13. Given the current small size of the life insurance portfolio and the historic reinsurance arrangements ...

Reporting season reveals insurance black spots

MARK SMITH  |  MONDAY, 26 AUG 2013
... 52% drop in earnings within its wealth protection business. Similarly, ANZ has highlighted weakness in its insurance business resulting from 'above trend' lapse rates. At the start of August Suncorp Life reported a 75% fall in profits which the group ...

NAB Wealth flat as bank's profit rises 2%

MARK SMITH  |  TUESDAY, 20 AUG 2013
... its latest quarterly update. The bank followed AMP and ANZ in expressing concern about the performance of its insurance business which suffered from higher claims across the board, partially offset by lower disability claims. The Investment business ...