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Showing 691 - 700 of 725 results for "life insurer"

Regulators discuss streamlining some supervision operations

ALEX DUNNIN  |  MONDAY, 12 FEB 2007
Ten years after the Wallis Financial System Inquiry and eight years after the creation of the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC), the bodies are in discussions about how ...

Bravura IT signs BNY deal

Bravura Solutions' business story may not be tagged as one of Australia's best export stories just yet but it comes very close after it signed a Bank of New York software deal that made it the IT backbone behind $750 billion in funds under administration ...

SEC hits fraudulent insurer with $790m penalty

... Australia's financial services regulator the Australian Securities and Investments Commission (ASIC), has ordered life insurer Prudential Equity Group (PEG) to pay $790 million (US$600 million) for defrauding mutual fund investors. The regulator alleged ...

NAB completes $575m insurance sale to AXA

... Australia. Following the deal, AXA Asia Pacific bolsters its position in the region and will become the second largest life insurer in Indonesia with more than 2,200 agents in the country. The move will also beef up AXA's operations in the growing Hong ...

Life insurers and 25 AFSL holders under ASIC microscope

The Australian Securities and Investments Commission (ASIC) has launched formal investigations into 25 AFSL holders and will be watching life insurers closely, as a result of its latest license breaches report announced this week. The regulator has ...

Life insurance still the big risk: ING

HAMISH MADDEN  |  THURSDAY, 27 APR 2006
According to research conducted by TNS/Rice Walker Actuaries and analysed by ING, underinsurance remains a massive problem with nearly half of all Australian families left critically exposed to the financial consequences of a serious event. ING believes ...

Bird flu pandemic risk could strike insurers

Life insurers and their reinsurers could be significantly impacted by a bird flu pandemic. Fitch Ratings has released a report detailing the impact of any bird flu pandemic on life insurers and reinsurers, should the disease transmute and become transmitted ...

APRA to give guidance on the risks of outsourcing

The Australian Prudential Regulation Authority (APRA) has released a discussion paper and draft standards giving guidance on managing the risks associated with outsourcing. The discussion paper was issued with draft prudential standards and a prudential ...

NAB hands Asian life insurance to AXA

... be used as part of the group's total capital management program. The deal will propel AXA into the second largest life insurer in Indonesia in terms of new business boosting their adviser distribution from nearly 1,000 agents to over 2,200. Les Owen ...

PrefSure deal sees Tower focus on master trusts

TOWER have bought out PrefSure Holdings and Life Limited (PrefSure) from South African group, Liberty, for $145 million as they push their strategic growth towards life insurance for master trusts. TOWER managing director, Jim Minto, said that the key ...