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Showing 71 - 80 of 223 results for "reinsurance"

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 ...

Disability income insurance an ongoing concern: APRA

KARREN VERGARA  |  TUESDAY, 10 JUL 2018
... eligibility and benefits that promote return to work, and appropriate pricing. DII portfolios stemming from older reinsurance arrangements and closed to new business proved to be most challenging for reinsurers. The resourcing and reporting capability ...

ANZ considering buy-back with life insurance paycheck

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
... on top of its current buyback program. The bank today updated the market that it has received about $1 billion in reinsurance payments - the first tranche of a $2.85 billion transaction which includes the OnePath Life sale to Zurich. This results in ...

ANZ culls sales incentives for planners

KANIKA SOOD  |  MONDAY, 7 MAY 2018
... profits in its wealth division slid by 24% to $44 million. ANZ said this was because of a non-recurring lenders mortgage reinsurance profit share being included in the 1H17 results, strengthening of claims provisioning in 1H18 and lower new business ...

Former industry fund CEO moves to AMP

DARREN SNYDER  |  FRIDAY, 4 MAY 2018
... newly-minted chief executive is David Smith - the former head of AXIS Specialty Australia, a specialist insurance and reinsurance provider. Smith was also chief executive of Zurich Financial between 2006 and 2011, leading the Australian and New Zealand ...

IOOF flags ANZ Wealth results ahead of acquisition

ALEX BURKE  |  WEDNESDAY, 2 MAY 2018
... profits in the wealth division slid by 24% to $44 million. ANZ said this was because of a non-recurring lenders mortgage reinsurance profit share being included in the 1H17 results, strengthening of claims provisioning in 1H18 and lower new business ...

Freedom acquires bank insurance arm

KARREN VERGARA  |  TUESDAY, 17 APR 2018
... Its in-force book totals $70 million; it has more than 147,000 customers and 64 employees as at 31 August 2017. The reinsurance agreement will provide $35 million of funding, while the balance combines $10 million cash and $20 million in new debt. FIG ...

LGIAsuper appoints chief executive

KANIKA SOOD  |  MONDAY, 16 APR 2018
... providing excellent service and consistent returns." Todd's previous roles include general manager investments for Reinsurance Australia/Calliden, general manager treasury for TNT, and various accounting positions in Total, DuPont and ADC. Originally ...