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Showing 51 - 60 of 223 results for "reinsurance"

ClearView restructures pricing as life sector struggles

HARRISON WORLEY  |  FRIDAY, 13 MAR 2020
... profitable in "extremely difficult market conditions". Facing higher expected income protection claims costs, "substantial" reinsurance cost increases and the full impact of the most recent reduction in interest rates, ClearView managing director Simon ...

Former CBA, MLC executive joins reinsurer

HARRISON WORLEY  |  THURSDAY, 6 FEB 2020
... to Tyson Johnston, general manager of the firm's local division, who welcomed the appointment. Gilling joins from Reinsurance Group of America where he was vice president of business development, based in Toronto, Canada. Before relocating Gilling served ...

Aussie stocks burnt in blaze

ALLY SELBY  |  THURSDAY, 23 JAN 2020
... each have a 30% share of the losses so far, while QBE has 10%. They argue however, that insurers will be protected by reinsurance cover and stop-loss, making the crisis more manageable on their bottom lines. UBS said smoke haze will drag on retail and ...

New chief for Willis Re Australia

ELIZA BAVIN  |  WEDNESDAY, 22 JAN 2020
Willis Tower Watson's reinsurance business, Willis Re, has appointed a new chief executive for its Australian arm. John Philipsz will fill the position, effective 1 January 2020, after serving as deputy chief executive since 2018. Prior to that, Philipsz ...

Insurers halt sales to fire-affected areas

ELIZA BAVIN  |  WEDNESDAY, 15 JAN 2020
... number of insurance payouts as a result of the devastating bushfires that have ravaged the country. Suncorp reported a reinsurance protection program with enhanced natural hazard protection in FY20, with the insurer saying it will not know the full extent ...

Global group adds to local leadership

JAMIE WILLIAMSON  |  FRIDAY, 22 NOV 2019
... market exploration and regional development of the investment management business as well as bringing Munich Re's reinsurance capabilities to insurers and superannuation funds. Francois was most recently director of sales, asset management at DWS ...

CBA finalises CommInsure sale

ELIZA BAVIN  |  FRIDAY, 1 NOV 2019
... business. Colonial Mutual Life Assurance Society, the key life insurance entity of CommInsure Life, has also implemented reinsurance arrangements that are expected to result in a distribution to CBA in the first half of FY2020. CBA chief executive Matt ...

Board addition strengthens strategic relationship

ELIZABETH MCARTHUR  |  MONDAY, 26 AUG 2019
... relationship saw MS&AD increase its Challenger shareholding to over 15% of issued capital and Challenger commenced reinsurance of US currency annuities issued by Mitsui Sumitomo Primary Life. Kobayashi is director and managing executive officer (corporate ...

CommInsure sale stalls, sold for discount

KARREN VERGARA  |  FRIDAY, 23 AUG 2019
... agreement that values CommInsure Life at $2.375 billion, which involves entering a joint co-operation agreement with AIA, reinsurance arrangements, partnership milestone payments and a statutory asset transfer. CBA flagged its intention to sell 100% ...

NEOS Life partners with insurance tech firm

KARREN VERGARA  |  WEDNESDAY, 14 AUG 2019
... start-up in just nine months. This includes implementing an adviser portal; a CRM and sales administration platform; reinsurance reporting; as well as help it integrate with the underwriting engine. NEOS managing director Brett Yardley said the firm ...