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Showing 21 - 30 of 84 results for "Nippon"

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
... foreign-controlled 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 ...

Foreign owners take over life insurance: KPMG

KARREN VERGARA  |  TUESDAY, 21 AUG 2018
... foreign-controlled 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 ...

Industry fund increases life insurance engagement

JAMIE WILLIAMSON  |  THURSDAY, 24 MAY 2018
... transformation strategy. Aiming to align its digital offering with the evolving expectations of advisers and customers, Nippon Life - which owns 80% of MLC Life - has invested $400 million in a technology overhaul for the life insurer to become more ...

NAB to divest MLC

ALEX BURKE  |  THURSDAY, 3 MAY 2018
... representatives of the business (proprietary and aligned). The bank already sold its life insurance business, under the MLC brand, to Nippon Life in 2015. In a media briefing, NAB chief executive Andrew Thorburn said the divestment has "nothing to do ...

MLC launches digital underwriting platform

KANIKA SOOD  |  TUESDAY, 17 APR 2018
... implementation for Vision Super is currently underway. MLC Life Insurance was formed as a strategic partnership between NAB and Nippon Life Insurance. It is operated by MLC Limited in which NAB holds a 20% share while Nippon Life holds the remaining ...

Senior RBA figure joins life insurer

JAMIE WILLIAMSON  |  THURSDAY, 1 MAR 2018
... officer. Girn will lead the insurer's $400 million digital transformation, first flagged when Japanese insurance giant Nippon Life acquired 80% of the company in late 2015. Girn will add more than 30 years' financial services experience, having also ...

Energy Super launches group insurance platform

KARREN VERGARA  |  WEDNESDAY, 29 NOV 2017
... streamline processes, and look forward to rolling out our LifeView platform with other group insurance clients in 2018." Since Nippon Life purchased an 80% stake in MLC Life last year, it has injected millions to improve digital solutions, offering trustees ...

Life insurers post mixed performance

KARREN VERGARA  |  WEDNESDAY, 16 AUG 2017
... a new super fund (MLC Super Fund) as a result of NAB selling 80% of its life insurance business under the MLC brand to Nippon Life. Consequently, life insurers generated a return on assets for the year of 9.5%, down from 12.1% on the prior corresponding ...

MLC Life launches group insurance platform

JAMIE WILLIAMSON  |  TUESDAY, 25 JUL 2017
... MLC Life chief customer officer of group insurance Suzanne Smith. Since purchasing an 80% stake in MLC Life last year, Nippon Life has injected millions into the life company's digital strategy; with Smith saying it can now offer trustees a genuine point ...