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Showing 11 - 20 of 392 results for "Insurance Business"

APRA levy to cost $243m in FY26

KARREN VERGARA  |  FRIDAY, 28 MAR 2025
... life insurers' progress in meeting APRA's product sustainability expectations across both individual and group insurance business." The levies for Small APRA Funds (SAFs) and Single Member Approved Deposit Funds (SMADFs) - a flat rate of $590 per fund ...

Australian Unity chief retires

ANDREW MCKEAN  |  TUESDAY, 18 MAR 2025
Australian Unity chief executive and group managing director Rohan Mead will retire at the end of this year, closing the book on a 21-year tenure at the financial services company. Australian Unity is now on the hunt for his successor, with an internal ...

Acenda names inaugural chair

MATTHEW WAI  |  WEDNESDAY, 26 FEB 2025
MLC Life Insurance has announced who will chair the insurer when it becomes Acenda. MLC Life Insurance, soon becoming Acenda through the merger with Resolution Life Australia, has appointed Craig Dunn to the position and will take effect upon the completion ...

MLC Life recruits merger specialist

ELIZABETH FRY  |  THURSDAY, 6 FEB 2025
... evolving needs of customers. Resolution became a major player in the local market when it bought AMP's life insurance business four years ago.

What you read in 2024

ELIZA BAVIN  |  FRIDAY, 20 DEC 2024
Mergers, corporate fund closures and executive moves were the major motifs for Financial Standard readers this year. Unsurprisingly, further consolidation in the superannuation sector was a major driver of audience interest this year with a number of ...

MLC Life and Resolution Life Australasia to merge

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2024
MLC Life Insurance and Resolution Life Australasia are set to merge, creating one of Australia's largest life insurance businesses. Nippon Life Insurance - MLC's parent company - announced it will acquire 100% of Resolution Life. As a result ...

ART appoints chief financial officer, promotes managers

ELIZABETH FRY  |  FRIDAY, 16 AUG 2024
... role." Matthew Finney, ART Life's head of insurance design, has been named interim chief executive for the insurance business. Meantime, ART has also promoted three of its senior portfolio managers to newly created leadership roles below investment ...

Financial advice exodus has 'bottomed out': ClearView

ELIZA BAVIN  |  WEDNESDAY, 17 APR 2024
... expected to be complete in 1H FY25. Despite exiting the advice business themselves, ClearView said its life insurance business is well positioned to support double-digit underlying NPAT growth. It said it was "future proofing" the business to prepare ...

Buffett outlines plans for Berkshire Hathaway

CHLOE WALKER  |  WEDNESDAY, 29 NOV 2023
Warren Buffett has laid out plans for Berkshire Hathaway (Berkshire) and his fortune in a rare letter published on the company's website. The legendary investor announced the gifting of 2.4 million Class B shares of Berkshire Hathaway stock (totalling ...

ClearView offloads chunk of Centrepoint Alliance stake

CASSANDRA BALDINI  |  FRIDAY, 17 NOV 2023
... selling its financial advice businesses to Centrepoint. However, ClearView remains solely focused on its life insurance business, opting to divest most of its holding. "The transaction reflects ClearView's ongoing simplification and transformation ...