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Showing 41 - 50 of 994 results for "Premiums"

Regulators note advances in life insurers' practices

ANDREW MCKEAN  |  FRIDAY, 6 JUN 2025
... compliance assurance around re-rating practices, which it noted led them to revisiting past premium increases, and where premiums were increased without a clear right to do so, returned overpaid premiums to consumers and fixed the relevant systems and ...

Australia's largest buyout firm hires from State Street GA

ELIZABETH FRY  |  THURSDAY, 5 JUN 2025
... markets. "The investment thesis behind private market exposure is strong, with historical data showing consistent return premiums over public market counterparts." He cited US market data showing private markets have typically delivered between 200 and ...

QSuper settles $67m class action

ANDREW MCKEAN  |  WEDNESDAY, 28 MAY 2025
... super fund, has reached a $67 million out-of-court settlement over claims members were overcharged for life insurance premiums. The settlement for the class action, which was brought against the fund in the Federal Court in November 2021, still requires ...

Centuria divests three industrial assets

ANDREW MCKEAN  |  TUESDAY, 27 MAY 2025
... corridors is evident by the number of non-solicited approaches we've received, which has helped us achieve strong sales premiums to prior book values," Curtis said. In May, Centuria exchanged sales contracts on 76 Quinns Hill Rd Stapylton for $40 ...

BUSSQ lowers administration fees

ELIZA BAVIN  |  TUESDAY, 27 MAY 2025
... 1 is charged at 6% of the gross insurance premium. However, BUSSQ will also remove the direct tax rebate on insurance premiums, which it said would reduce the amount of tax paid by the fund, but the benefit of this will no longer be paid to members. ...

Cbus increases insurance premiums

ELIZA BAVIN  |  WEDNESDAY, 14 MAY 2025
... $0.07 to $1.53. Those aged 50 and above will see the cost of death cover rise $0.09 to $1.82, and TPD up $0.09 to %1.91. Premiums for members in the electech category will remain the same. Cbus said the change comes after an annual review of fees and ...

Australian Ethical calls out QBE

ELIZA BAVIN  |  THURSDAY, 8 MAY 2025
... management are making decisions in QBE's long-term interests," Richman said. "While some may consider that raising premiums can help manage QBE's exposure to climate risk and protect margins temporarily, there is a natural ceiling." Australian ...

Life insurance premiums edge lower

ANDREW MCKEAN  |  TUESDAY, 6 MAY 2025
Annual premiums from active life insurance policies fell 1.7% to $16.2 billion in the year to December 2024 - a $300 million decline from the previous year - according to DEXX&R. The market research firm's latest Life Analysis report showed total new ...

Future Group confirms more mergers ahead, undertakes review

JAMIE WILLIAMSON  |  THURSDAY, 24 APR 2025
... management, held on behalf of 7500 members. Meantime, MLC Insurance Only is used by about 97,000 members to fund life insurance premiums in a tax-effective structure. It also has superannuation accounts with funds under management totalling about $200 ...

DII drives life insurance disputes: APRA

KARREN VERGARA  |  THURSDAY, 17 APR 2025
... APRA's intervention. The latest statistics show that advised customers paid a total of $3.2 billion in annual DII premiums for 676,000 lives insured last year. TAL and Zurich Australia possess between 21-22% respectively of the advised market. Some ...