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Showing 11 - 20 of 52 results for "Mitsui"

Board addition strengthens strategic relationship

ELIZABETH MCARTHUR  |  MONDAY, 26 AUG 2019
... Challenger shareholding to over 15% of issued capital and Challenger commenced reinsurance of US currency annuities issued by Mitsui Sumitomo Primary Life. Kobayashi is director and managing executive officer (corporate planning, risk management and ...

Japanese insurer gets Treasury tick to up Challenger stake

KANIKA SOOD  |  MONDAY, 19 AUG 2019
... transactions in association with business expansion. Challenger Life started by providing provide Australian-dollar annuities to Mitsui Sumitomo Primary Life Insurance Company (a subsidiary of MS&AD). In March this year, they entered a new agreement ...

CBA sells interests in Chinese insurer

JAMIE WILLIAMSON  |  WEDNESDAY, 23 MAY 2018
... insurance joint venture for $668 million. CBA sold its 37.5% equity interest in BoComm Life Insurance to Japanese insurer Mitsui Sumitomo as per a condition of the bank's sale of its Australian and New Zealand life insurance businesses to AIA Group announced ...

Challenger flags new Fidante partnership, record profit

ALEX BURKE  |  TUESDAY, 13 FEB 2018
... in assets under management (up 18% to $76.5 billion) and life sales (up 21% to $3.3 billion). The 20-year maturity with Mitsui Sumitomo Primary Life Insurance Company, announced in 2016, accounted for 17% of 2018 first-half life sales. Challenger chief ...

Annuity sales boost Challenger results

KARREN VERGARA  |  TUESDAY, 15 AUG 2017
... and product offerings. Long-term sales, which include lifetime annuities and 20-year maturity from its Japanese business Mitsui Sumitomo Primary Life Insurance or MS Private, accounted for 40% of life sales. In October 2016, Challenger entered into an ...

ICG boosts energy trust with wind farm

ALEX BURKE  |  WEDNESDAY, 1 MAR 2017
... added a Victorian wind farm to its $1.2 billion Energy Infrastructure Trust. The Bald Hills Wind Farm was purchased from Mitsui & Co (Australia), the wholly-owned Australian subsidiary of one of Japan's largest general trading companies. The 106.6-megawatt ...

QIC closes renewable energy fund

JAMIE WILLIAMSON  |  THURSDAY, 19 JAN 2017
... upon completion. The lenders to Silverton Wind Farm are Westpac Banking Corporation, National Australia Bank, Sumitomo Mitsui Banking Corporation, Mitsubishi UFJ Financial Group, Societe Generale and DBS Bank. Adding to the $800 million commitment from ...

CBA finances wind farm construction

JAMIE WILLIAMSON  |  FRIDAY, 16 DEC 2016
... is co-financing the project with the Clean Energy Finance Corporation, CWP Renewables, Partners Group, Japan's Sumitomo Mitsui Banking Corporation and Denmark's export credit agency EKF to build the Sapphire Wind Farm in the Great Dividing Range region ...

Challenger reveals key annuity relationships

KERRIE SYDEE  |  THURSDAY, 27 OCT 2016
... products will now be available through AMP's investment and administration platforms and will also be available through Mitsui Sumitomo Primary Life Insurance Company (MS Private) - a provider of Australian dollar annuity and life insurance products ...

Negative interest rates drive spike in safe sales

MARK SMITH  |  THURSDAY, 9 JUN 2016
... to businesses. Instead, there are early signs banks will just pass the fees onto customers. One Japanese bank, Sumitomo Mitsui Financial Group, has reduced its ordinary-deposit rate to 0.001% from 0.02%. That means the equivalent of a $1,000 deposit ...