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Showing 51 - 60 of 90 results for %22Zurich OnePath%22

IOOF, ANZ deal not in best interests of members: Morningstar

JAMIE WILLIAMSON  |  WEDNESDAY, 16 JAN 2019
... Morningstar said. "In addition, we think the changes ensure ANZ Bank's OnePath Life business, which is being separately sold to Zurich, is independent of IOOF's acquisition of the P&I business." Morningstar has maintained its fair value estimate for ...

ANZ, IOOF revise wealth sale agreement

JAMIE WILLIAMSON  |  TUESDAY, 15 JAN 2019
... cooperatively and constructively with ANZ to achieve this outcome." ANZ is also in the midst of selling OnePath Life to Zurich, which can be done separate to the IOOF transaction. ANZ said it anticipates the sale will be completed in the first half of ...

TAL and Zurich lead inflows, CommInsure lags: Strategic Insights

KARREN VERGARA  |  WEDNESDAY, 9 JAN 2019
... of reference, counsel assisting Rowena Orr said. Meanwhile, other life insurers reported positive inflows. TAL (4.9%), Zurich (3.7%), Suncorp (2%) and BT/Westpac (2%) were the life insurers that recorded the highest inflows of individual lump sum premiums. ...

APRA takes action against IOOF

HARRISON WORLEY  |  FRIDAY, 7 DEC 2018
... separating OnePath's life insurance business from its pensions and investments arm, and the planned sale of the life arm to Zurich would not be affected. "Given the significance of APRA's action, we will assess the various options available to ...

ANZ wealth flows decline

KARREN VERGARA  |  WEDNESDAY, 31 OCT 2018
... four aligned dealer groups to IOOF Holdings for $975 million. Two months later, it sold its life insurance business to Zurich for $2.85 billion. ANZ sold its New Zealand's life insurance business to Cigna Corporation for NZ$700 million. ANZ retains ...

Life insurance sector strengthens

KARREN VERGARA  |  FRIDAY, 24 AUG 2018
... products to customers in Australia and New Zealand. ANZ sold its life insurance business for $2.85 billion in December 2017 to Zurich. The sale comprises two transactions, including $1 billion of upfront reinsurance commission from Zurich. Challenger ...

Foreign owners take over life insurance: KPMG

KARREN VERGARA  |  TUESDAY, 21 AUG 2018
... products to customers in Australia and New Zealand. ANZ sold its life insurance business for $2.85 billion in December 2017 to Zurich. The sale comprises two transactions, including $1 billion of upfront reinsurance commission from Zurich. Global life ...

Zurich names executive lineup for new business

KANIKA SOOD  |  WEDNESDAY, 8 AUG 2018
Zurich has named the executive team that will run its combined Australian life and investments business when its OnePath acquisition completes in early 2019. Long-time Zurich executive Tim Bailey will be the combined business' chief executive officer. ...

ANZ sells NZ life insurance business

ALEX BURKE  |  WEDNESDAY, 30 MAY 2018
... be more agile and responsible to a larger customer base," she said. ANZ sold its Australian OnePath Life operations to Zurich late last year, making the latter Australia's largest retail life insurer. "From the outset, we've been focused on partnering ...

ANZ considering buy-back with life insurance paycheck

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
ANZ's first paycheck from the December sale of its life insurance arm to Zurich has arrived and the bank is considering buying back up to $1.5 billion in shares, on top of its current buyback program. The bank today updated the market that it has received ...