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Showing 71 - 80 of 392 results for "Insurance Business"

CBA progresses with divestment to AIA

ANNABELLE DICKSON  |  WEDNESDAY, 30 SEP 2020
Commonwealth Bank has received another payment furthering the divestment of its life insurance business to AIA Group. CBA has received a payment of approximately $450 million for the sale of CommInsure Life with the proceeds resulting in a pro forma ...

Zurich distribution chief joins boutique

JAMIE WILLIAMSON  |  FRIDAY, 18 SEP 2020
... Australian equities," Ryland said. At the same time, a spokesperson for Zurich is in the midst of restructuring its insurance business, in a move that sees the creation of two new roles. A new head of customer and digital will be appointed to oversee ...

Managed funds recover FUM losses

ANNABELLE DICKSON  |  WEDNESDAY, 16 SEP 2020
... attributed to its takeover of ANZ's retail funds whereas AMP's decrease was impacted by the sale of its life insurance business to Resolution Life. Gross inflows for the year to June 2020 were $192.2 billion, up 6.9% from the previous 12 months. While ...

HUB24 reports record results

ALLY SELBY  |  TUESDAY, 25 AUG 2020
... Kitrina Shanahan has nabbed the role, after most recently serving as the chief financial officer of Westpac's insurance business. Prior to this, she worked as a deputy chief financial officer at BT Financial Group. Shanahan has previously worked with ...

Zurich rejigs operations team

KARREN VERGARA  |  MONDAY, 24 AUG 2020
... which is one of our ambitions as an employer-of-choice." Zurich completed its acquisition of ANZ's life insurance business OnePath in June last year.

Kogan Super reports growth

ELIZABETH MCARTHUR  |  TUESDAY, 18 AUG 2020
... Kogan launched in the last year were Kogan Cars, Kogan Credit Cards, Kogan Energy and Kogan Mobile NZ. Kogan's insurance business, which encompasses life insurance, grew too with commission-based revenues up 36% year on year. However, the company's results ...

BT un-aligns group insurance, awards mandate

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 JUL 2020
... business units - determining that several business units lacked sufficient scale. One of those units was its life insurance business. BT super switching group life insurer away from Westpac was flagged as a write-off in Westpac's 2020 first half financial ...

AMP Life awards mandate post acquisition

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 JUL 2020
... super funds are held by more than 340,000 Australians. AMP announced the completion of the sale of its life insurance business to Resolution Life today. "The appointment to AMP Life confirms Equity Trustees as the leading provider of independent superannuation ...

AMP NZ wealth divestment off

ALLY SELBY  |  FRIDAY, 8 MAY 2020
... AMP said it was still on track to divest from its New Zealand wealth management business, as well as its life insurance business AMP Life.

Insurtech investments down 54% in March quarter

KANIKA SOOD  |  THURSDAY, 7 MAY 2020
Life insurance startups saw their share of total and early-stage funding to insurtechs shrink, as total investment in the sector dropped in the March quarter. Insurtechs attracted US$912 million in the first quarter across the globe but the deal activity ...