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Showing 61 - 70 of 220 results for "reinsurance"

Freedom Insurance misses reporting deadline

KARREN VERGARA  |  FRIDAY, 1 MAR 2019
... to sell St Andrew's Insurance, a provider of general, life and credit insurance. It was agreed at the time the reinsurance agreement will provide $35 million of funding, while the balance combines $10 million cash and $20 million in new debt. Freedom ...

ClearView posts first half profit dip

KANIKA SOOD  |  WEDNESDAY, 27 FEB 2019
... competitive and profitable across all cover types it also reflect evolving market relativities and underlying claims and reinsurance costs," it said in a statement. Wealth management ClearView recorded outflows of $81 million mainly from legacy products ...

Local Government Super chief resigns

KARREN VERGARA  |  THURSDAY, 17 JAN 2019
... take the top role in an acting capacity. Smith was the head of AXIS Specialty Australia, a specialist insurance and reinsurance provider for four years before joining LGS. Before that, he was chief executive of Zurich Financial Services between 2006 ...

Willis Re refreshes executive lineup

KANIKA SOOD  |  WEDNESDAY, 16 JAN 2019
Willis Towers Watson has appointed a new deputy chief executive for its Australian reinsurance broking business. It is one of three key moves in the business. The new deputy chief executive for Willis Re Australia will now be John Philipsz who launched ...

AMP divests life business

DARREN SNYDER  |  THURSDAY, 25 OCT 2018
... standalone New Zealand wealth management and advice business," AMP said. Additionally, AMP has entered into a binding reinsurance agreement with Swiss Re for the New Zealand retail wealth protection portfolio. This is expected to release up to $150 million ...

Integrity Life expands senior team

KARREN VERGARA  |  TUESDAY, 4 SEP 2018
... Australasia. He has held various directorships and adviser roles in insurance companies, underwriting agencies, insurance and reinsurance brokers, and served as a director of the Insurance Council of Australia and ANZIIF. Chair Eric Dodd said: "Heinrich's ...

Life insurance sector strengthens

KARREN VERGARA  |  FRIDAY, 24 AUG 2018
... for $2.85 billion in December 2017 to Zurich. The sale comprises two transactions, including $1 billion of upfront reinsurance commission from Zurich. Challenger and TAL have seen the most significant growth in the three years to 2017, increasing net ...

Foreign owners take over life insurance: KPMG

KARREN VERGARA  |  TUESDAY, 21 AUG 2018
... 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 insurance conglomerates are looking to diversify their business models and are attracted ...

TAL acquires Suncorp Life

JAMIE WILLIAMSON  |  THURSDAY, 9 AUG 2018
... that distribution. The decision follows a strategic review which considered a number of options including additional reinsurance, partnerships and divestment. Suncorp chief executive and managing director Michael Cameron said the sale was the superior ...

Group insurers pressed for resources

KANIKA SOOD  |  MONDAY, 30 JUL 2018
... meet the Federal Government's July 2019 deadline to cull the default opt-ins for group insurance. MetLife head of reinsurance and regulatory affairs James Carey said the scrutiny is touching all elements of the business including claims, underwriting ...