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Showing 51 - 60 of 63 results for "Resolution Life"

Moody's downgrades AMP

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 MAR 2020
... protection business as well as the expectation of a weaker market position going forward, after AMP Life is sold to Resolution Life. "The ongoing weakness in the wealth protection business has negatively impacted profitability, with the company reporting ...

Tough times continue for AMP

ELIZA BAVIN  |  THURSDAY, 13 FEB 2020
... remain as a non-executive director on the board of AMP Life until the completion of the sale of the business to Resolution Life. AMP chair David Murray said: "On behalf of the board, I would like to offer sincere thanks to Mike Wilkins. He has taken ...

AMP announces new strategy, capital raise

JAMIE WILLIAMSON  |  THURSDAY, 8 AUG 2019
... De Ferrari said. Also announced, AMP has revised the terms of the AMP Life sale, saying the new agreement with Resolution Life provides greater certainty of execution and an implied value of $3 billion. The sale, which failed to meet necessary regulatory ...

AMP Life sale blocked

JAMIE WILLIAMSON  |  MONDAY, 15 JUL 2019
AMP has confirmed the sale of its life insurance business to Resolution Life is highly unlikely to go ahead. The institution said the sale of AMP Life is highly unlikely to proceed on the current terms do to challenges in meeting the condition precedent ...

AMP Life appoints temporary investment chief

KANIKA SOOD  |  MONDAY, 1 JUL 2019
... business separation," AMP Life said. AMP is currently in the process of offloading its life business to UK-based Resolution Life in a $3.3 billion sale that is expected to complete in the second half of this year and is subject to regulatory approvals. ...

AMP leaks $1.8bn, names new CFO

HARRISON WORLEY  |  THURSDAY, 2 MAY 2019
... address the firm's difficult 2018. Touching on the controversial sale of AMP's life business to the UK-based Resolution Life, Murray said the life business had been challenged for some time, and was firm in his belief the sale was in the company's ...

ASA to vote against AMP remuneration

HARRISON WORLEY  |  FRIDAY, 26 APR 2019
... association also slammed AMP for failing to seek shareholder approval for the sale of its life insurance business to Resolution Life last year, which caused concern among shareholders together with enduring the financial services Royal Commission and ...

AMP announces board changes

ELIZABETH MCARTHUR  |  MONDAY, 8 APR 2019
AMP announced a new appointment to its board as the sale of AMP Life to Resolution Life is completed. Debra Hazelton will join the AMP board as non-executive director from June 15. Trevor Matthews will remain on the AMP Life board as an AMP nominee ...

Ferrari restructures AMP wealth leadership

HARRISON WORLEY  |  THURSDAY, 7 FEB 2019
... targeted. The wealth manager also appointed Megan Beer to lead AMP Life as it separates from the firm and transfers to Resolution Life. Beer will then link with Resolution as chief executive of AMP Life and head of Resolution's Australasia region. ...

AMP profits nose dive, dividends hit

KANIKA SOOD  |  FRIDAY, 25 JAN 2019
... and advice) and a net operating loss of around $105 million from the businesses subject to a sale agreement with Resolution Life (Australia and New Zealand wealth protection and mature)," it said in a statement. For FY19, AMP is expecting a full year ...