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Showing 71 - 80 of 148 results for "Australian Life"

MLC Life chief steps down

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JAN 2020
... energy from David. This task has been made even more complex by the significant commercial challenges facing the Australian life insurance sector along with major regulatory changes. The board wishes David all the very best for his future." The MLC board ...

MLC Life Insurance under review

ELIZA BAVIN  |  TUESDAY, 7 JAN 2020
... with NAB, it has resolved to subscribe for further shares in MLC. Nippon said deteriorating conditions in the Australian life insurance industry are to blame for the challenges facing MLC. "A lengthening of claim durations and increased payments are ...

Life risk insurance not profitable: KPMG

HARRISON WORLEY  |  FRIDAY, 22 NOV 2019
... had experienced within recent times. "The last two years have been a period of considerable challenge for the Australian life insurance industry," Blight-Johnston said. "Customers and the public are increasingly asking questions about the value the industry ...

Risk advisers a dying breed: Research

HARRISON WORLEY  |  WEDNESDAY, 20 NOV 2019
... report also shed light on which insurers advisers were turning to after a spate of mergers and takeovers in the Australian life insurance market, with new less established insurers such as Integrity Life attracting attention. "Industry wide, 28% of planners ...

Zurich chief to depart, successor named

ELIZABETH MCARTHUR  |  MONDAY, 12 AUG 2019
... Zurich's acquisition of OnePath Life. Zurich regional chief executive for Asia Pacific Jack Howell said: "Our Australian life insurance operations are now our largest regional revenue contributor and underpin our growth aspirations throughout Asia Pacific." ...

TAL restructures retail arm, announces job cuts

KARREN VERGARA  |  TUESDAY, 7 MAY 2019
... retail business that will make some jobs redundant after reviewing its recent acquisition of Asteron, Suncorp's Australian life insurance business. Realigning the retail businesses will consequently reduce headcount across both the TAL and Asteron ...

TAL hires former Rest executive

KARREN VERGARA  |  FRIDAY, 1 MAR 2019
... a 20-year agreement to sell life insurance products through Suncorp's distribution network. Suncorp's Australian life insurance offerings including term life, income protection and funeral insurance will be added to TAL's current product ...

Centrepoint pulls out of NEOS Life

JAMIE WILLIAMSON  |  THURSDAY, 13 DEC 2018
... refresh, a review of Centrepoint's assets and interests determined the investment in NEOS Life - also known as Australian Life Development - does not align with the business' new direction. In February 2017, Centrepoint entered a convertible note and ...

Survey says no to subsidising life insurance for genetically at-risk Aussies

HARRISON WORLEY  |  MONDAY, 10 DEC 2018
... balance between acting in the interests of those with adverse test results and the rest of the insured community. "Australian life insurance policies are for the very long term and can last for 40 or 50 years or more. The industry needs to have caps ...

New mortality study adds to retirement conversation

KANIKA SOOD  |  FRIDAY, 7 DEC 2018
... 60 year old Aussie man has a 6.6% probability of dying between their 60th and 61st birthday, according to the Australian life tables 2010-2012 that are calculated by government actuaries. The new research estimates this probability could be actually ...