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Showing 21 - 30 of 60 results for "Mitsui"

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 ...

NAB enters into MOU with Nippon Life

ALEX BURKE  |  THURSDAY, 15 OCT 2015
... experience for our customers." In September, Nippon Life also announced it had reached an agreement to buy Japanese life insurer Mitsui Life. This follows the insurance giant announcing its A¥1.5 trillion ($17 billion) mergers and acquisitions budget ...

Japanese life giant to acquire rival

ALEX BURKE  |  MONDAY, 21 SEP 2015
Nippon Life has announced it has reached an agreement to acquire Mitsui Life. Following industry speculation in August that Nippon, Japan's second-biggest life insurer, was planning to acquire Mitsui in September, the two companies have jointly announced ...