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Showing 391 - 400 of 2177 results for "Insurer"

TAL completes acquisition of Westpac Life

CASSANDRA BALDINI  |  MONDAY, 1 AUG 2022
... existing policies will transfer over to TAL Group. A total of 345 Westpac Life employees will also migrate over to the insurer. Westpac expects to report a total after tax loss on sale of about $1.37 billion, $0.27 billion of which was incurred in the ...

Four investment specialists join Resolution Life

ELIZABETH FRY  |  FRIDAY, 29 JUL 2022
... will deliver significant value and scale benefits and will strengthen Resolution Life's position as the largest life insurer by assets in Australasia. It will also increase funds under management and administration by more than $8 billion and result ...

Resolution Life appoints new chief executive

JAMIE WILLIAMSON  |  THURSDAY, 28 JUL 2022
... Tim's expertise, experience, and leadership, Resolution Life will continue to grow as the leading in-force specialist life insurer in Australasia," Resolution Life Group founder and executive chair Sir Clive Cowdery said. Beer was named chief executive ...

Claim support a key skill for advisers: Report

CASSANDRA BALDINI  |  THURSDAY, 21 JUL 2022
Financial advisers across Australia now play a greater role in supporting clients through life insurance claims, with almost 80% of advisers saying it's a key part of their offering. TAL commissioned The Value of Financial Advisers at Claim Time to ...

Latest AFCA data shows big shifts in complaints

JAMIE WILLIAMSON  |  WEDNESDAY, 20 JUL 2022
In the realm of investments and advice, the number of complaints made to the Australian Financial Complaints Authority over the interpretation of product terms and conditions increased more than six-fold last financial year, while complaints about inappropriate ...

$150m capital overlay no more for Allianz Australia

CHLOE WALKER  |  FRIDAY, 15 JUL 2022
... undertake following 2017's Prudential Inquiry into Commonwealth Bank. The capital penalty was to remain in place until the insurer completed remediation work to strengthen risk management and close gaps identified in its self-assessment and was lowered ...

Subjects of Royal Commission case study found guilty in court

CHLOE WALKER  |  MONDAY, 11 JUL 2022
The Federal Court has found that Select AFSL (Select), BlueInc Services Pty Ltd (BlueInc) and Insurance Marketing Service Pty Ltd (IMS) engaged in unconscionable conduct when selling insurance products. The Court also found Russell Howden, the managing ...

MSCI launches emissions measuring tool

CASSANDRA BALDINI  |  WEDNESDAY, 6 JUL 2022
MSCI has launched Total Portfolio Footprinting, helping financial institutions measure carbon emissions across lending and investments as part of the transition to a net zero economy. The global tools provider said in a statement "Total Portfolio Footprinting ...

MLC Life appoints chief risk officer

JAMIE WILLIAMSON  |  FRIDAY, 1 JUL 2022
The life insurer has hired a senior iCare NSW executive to the role. Jane McGovern will take over as MLC Life's chief risk officer on September 19. She replaces acting chief risk officer Edwina Star who had joined from PwC in March following the ...

AMP completes Resolution Life divestment

ANDREW MCKEAN  |  WEDNESDAY, 29 JUN 2022
... Megan Beer said this milestone further ensures the company reaches its ambition of being the leading in-force specialist insurer in the region. "These significant developments mean we have full ownership and control of our future and are also in a strong ...