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Showing 41 - 50 of 392 results for "Insurance Business"

ASIC files numerous cases against Westpac

JAMIE WILLIAMSON  |  TUESDAY, 30 NOV 2021
In an unprecedented move, ASIC has commenced six civil penalty proceedings against Westpac for widespread compliance failures in its banking, wealth, superannuation and general insurance businesses. The six matters filed relate to charging fees to deceased ...

BT confirms changes to super business

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
... investments business, general and life insurance, and auto finance. In August this year the sale of the life insurance business was announced, with Tal Dai-ichi Life Australia paying about $900 million for it. At its recent annual results announcement ...

Demand for niche advice firms increases

KARREN VERGARA  |  TUESDAY, 16 NOV 2021
Radar Results is seeing an uptick in demand for niche areas of financial advice, which includes risk insurance businesses. Currently, there is demand from buyers for complete licensee groups with between 50 to 200 authorised representatives. Another ...

AMP officially exits life market

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 NOV 2021
... With the complete divestment of its equity interest in Resolution Life, AMP has officially exited the life insurance business. AMP today divested its 19.13% holding in Resolution Life for $524 million. The sale of this holding completes AMP's exit ...

New leadership at Zurich Australia

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 SEP 2021
... at Zurich. Zurich said it is currently recruiting a head of member engagement and innovation for its group insurance business, which will further bolster the leadership team. These three new roles report to Darren Wickham, head of group insurance. "We ...

Zurich appoints head of product

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 SEP 2021
Insurance giant Zurich has appointed a head of product into a newly created role within its group insurance business. "Jennifer Faglioni was recently appointed as head of product, one of three newly created senior roles in Darren Wickham's group insurance ...

Westpac sells life insurance unit

KARREN VERGARA  |  MONDAY, 9 AUG 2021
Westpac has agreed to offload its life insurance business to TAL Dai-ichi Life Australia for about $900 million. Westpac is due to make a $1.3 billion post-tax loss from the sale. The cash consideration of $900 million includes ongoing payments to Westpac ...

Get your ducks in a row before you think of an IPO

KANIKA SOOD  |  THURSDAY, 22 JUL 2021
... Judd partner Marcus Ohm. Ohm says an undertaking with APRA or ASIC can preclude a wealth, funds management or insurance business from listing. "It would depend on the nature of the particular issue. A requirement for the prospectus is that it contains ...

Zurich appoints chief executive

ELIZABETH MCARTHUR  |  TUESDAY, 20 JUL 2021
... investments and general insurance businesses in Australia and New Zealand. Former chief executive of the general insurance business, Tim Plant, is departing the company. Delaney's appointment unifies the operation of Zurich's various insurance businesses ...

AMP Life CIO moves to HESTA

ELIZABETH MCARTHUR  |  WEDNESDAY, 7 JUL 2021
... year as deputy chief investment officer at Resolution Life following the separation and sale of AMP's life insurance business. Before joining AMP Life, Brunton spent more than a decade in investment roles at AMP Capital and was also head of global credit ...