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Showing 371 - 380 of 392 results for "Insurance Business"

S&P to monitor APRA probe into Zurich

AAP  |  THURSDAY, 17 JUN 2004
... year. APRA said it was focusing on "certain past and now unwound reinsurance transactions" by Zurich's general insurance business. S&P said it will assess "any possible negative implications for the stand-alone financial strength" of Zurich. It currently ...

APRA says Zurich policyholders funds are safe

AAP  |  WEDNESDAY, 16 JUN 2004
... year. APRA said it was focusing on "certain past and now unwound reinsurance transactions" by Zurich's general insurance business. Since 2002, the regulator has been checking the legitimacy of reinsurance contracts taken out by Australian insurers following ...

APRA confirms Zurich investigation

... investigating certain past and now unwound reinsurance transactions in Zurich Australia Limited's (ZAIL) general insurance business. APRA General Manager, Diversified Institutions Division, Mr Ramani SG Venkatramani, has been appointed as inspector under ...

Zurich sells Singapore insurance business to QBE

AAP  |  MONDAY, 24 MAY 2004
The Swiss insurance group Zurich Financial Services said on Friday that it had agreed to sell its Singapore subsidiary to Australia's QBE Insurance. The price of the sale of 100% of Zurich Insurance Singapore's share capital is being kept confidential ...

S&P says places Mercantile Mutual on watch negative

... 50% share in the QBE Mercantile Mutual joint venture in Australia as well as ING's other Australian general insurance business. At the completion of the acquisition, expected to be on 30 June, 2004, which is now subject to regulatory consents and definitive ...

S&P affirms A minus ratings on MBF Australia, outlook stable

AAP  |  THURSDAY, 11 DEC 2003
... acquisition comprises financial planning, investment and superannuation businesses branded as ClearView, and a life insurance business marketed under the NRMA Life brand. S&P said the acquisition provides diversification away from MBF's health insurance ...

IAG to sell ClearView businesses to MBF

... ClearView comprises financial planning, investment and superannuation businesses branded 'ClearView' and a life insurance business marketed under the 'NRMA Life' brand. MBF will acquire the rights to the ClearView brand as part of the sale and plans ...

Stronger markets, lower costs drive jump in NAB wealth management earnings

... million, the bank announced this morning. NAB attributed the lift in divisional profits to strong growth in the insurance business and a recovery in investment earnings, and despite a 'significant increase' in compliance and regulatory expenditure. In ...

AMP releases demerger plan

AAP  |  FRIDAY, 17 OCT 2003
Troubled financial services group AMP Ltd yesterday forecast higher profits as it received the all clear to release a hefty document outlining its demerger plan. In the 629-page explanatory memorandum, AMP predicted its Australian operations will lift ...

AMP shares soar as Mohl details demerger plan

AAP  |  MONDAY, 13 OCT 2003
... recapitalisation of the UK business if AMP had been able to sell its National Provident Institution (NPI) life insurance business in Britain. NPI, which was closed to new business in June, could have generated a "significant amount of cash" for AMP's ...