Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 54 results for "Nippon Life"

MLC Life names new chief executive

JAMIE WILLIAMSON  |  THURSDAY, 4 JUN 2020
... These are challenging times for all Australians and their life insurers," he said. "With the continued support of Nippon Life and NAB, and significant ongoing investment in our technology and processes, I aim to deliver outstanding service to our 1.3 ...

AIA income protection premiums jump

ELIZABETH MCARTHUR  |  FRIDAY, 14 FEB 2020
... customers have been required to pay for income protection over the last two years. Earlier this year, MLC Life owner Nippon Life reported to the Tokyo stock exchange that deteriorating conditions in the Australian life insurance industry are to blame ...

MLC Life chief steps down

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JAN 2020
... its establishment as a standalone life insurer whilst separating from the National Australia Bank and joining the Nippon Life Insurance Group," MLC Life said. "This has been a complex and difficult task and has required enormous personal time and energy ...

MLC Life Insurance under review

ELIZA BAVIN  |  TUESDAY, 7 JAN 2020
... facing deteriorating profitability in relation to income protection products, according to MLC Life Insurance owner Nippon Life. The Japan-based majority shareholder of MLC Life purchased the business off National Australia Bank in 2015, though the two ...

MLC Life wins group insurance mandate

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2019
... the deal is an important sign of MLC Life's growing strength in the group insurance market. "As a member of the Nippon Life Group of companies, we're investing significantly in our people, processes and technology, deploying over $500 million ...

NAB, Nippon lock heads over MLC

KARREN VERGARA  |  THURSDAY, 2 MAY 2019
The National Australia Bank is clashing with Nippon Life about spinning off MLC as a standalone entity, admitting it is amid "disputing" contractual obligations. NAB revealed in its March 2019 interim financial results this morning a number of disputes ...

MLC expands customer experience efforts

HARRISON WORLEY  |  THURSDAY, 17 JAN 2019
... customers' transformation practice lead would prove "instrumental." "With the backing and significant investment of Nippon Life, we are committed to delivering a great experience for our customers," he said. "Attracting talent like Louise, who has an ...

MLC Life welcomes board member

DARREN SNYDER  |  WEDNESDAY, 16 JAN 2019
... Infosys Australia from 2008 to 2014. MLC Life Insurance chair Peter Grey said the backing and significant investment of Nippon Life means the insurer is committed to "leading Australia's life insurance industry in technology and innovation in order to ...

MLC admin error hits superannuation DB members

KARREN VERGARA  |  FRIDAY, 14 DEC 2018
... operations by the end of 2019. It retained 20% of MLC's life insurance business, the majority of which was sold to Nippon Life in 2015. Two years ago, NAB merged five of its super funds into one, creating the largest retail fund in the country. The ...

Life insurance sector strengthens

KARREN VERGARA  |  FRIDAY, 24 AUG 2018
... companies currently own about half (47.8%) of the market share, up from 41.4% in 2014. This was driven largely by Nippon Life Japan acquiring 80% of MLC Life Insurance in 2015. CBA sold 100% of its Australian and New Zealand life insurance businesses ...