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Showing 1 - 10 of 36 results for "AIA Group"

Fidelity portfolio manager resigns

KANIKA SOOD  |  FRIDAY, 23 APR 2021
... India account for more than half of the assets. Its five biggest shareholdings were Taiwan Semiconductor, HDFC Bank, AIA Group, NASPERS and Bank Central Asia. The fund returned 3.70% p.a. above the benchmark since its December 2013 inception to March ...

Platinum's lead PM for Asia fund departs

KANIKA SOOD  |  TUESDAY, 12 JAN 2021
... India. Its top five holdings at November end included Samsung Electronics (6% of the portfolio), Taiwan Semiconductor, AIA Group, Ping An Insurance and Tencent Holdings. The fund is among the best performers in Platinum's lineup. It delivered 29.3% ...

CBA provides BoCommLife update

ANNABELLE DICKSON  |  WEDNESDAY, 9 DEC 2020
... be completed by December 31. In September, CBA received $450 million furthering the divestment of CommInsure Life to AIA Group. The payment followed a $500 million upfront payment in November 2019 and is part of the revised transaction path. The bank ...

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 ...

CommInsure sale stalls, sold for discount

KARREN VERGARA  |  FRIDAY, 23 AUG 2019
... experiences delays and regulatory roadblocks. The banking group today announced its divestment of CommInsure Life to AIA Group is facing an "extended period of uncertainty" as a result of pending foreign regulatory approvals. It unveiled a revised agreement ...

Life insurance sector strengthens

KARREN VERGARA  |  FRIDAY, 24 AUG 2018
... acquiring 80% of MLC Life Insurance in 2015. CBA sold 100% of its Australian and New Zealand life insurance businesses to AIA Group for $3.8 billion. The sale of CommInsure Life and Sovereign also includes a 20-year bancassurance partnership with AIA ...

Foreign owners take over life insurance: KPMG

KARREN VERGARA  |  TUESDAY, 21 AUG 2018
... acquiring 80% of MLC Life Insurance in 2015. CBA sold 100% of its Australian and New Zealand life insurance businesses to AIA Group for $3.8 billion. The sale of CommInsure Life and Sovereign also includes a 20-year bancassurance partnership with AIA ...

Members abandon bank-aligned group insurers

KARREN VERGARA  |  TUESDAY, 5 JUN 2018
... CommInsure will potentially rationalise and sharpen the combined entity in the group insurance space. In September last year, AIA Group agreed to buy 100% of CBA's Australian and New Zealand life insurance businesses for $3.8 billion. In early May ...

CBA sells interests in Chinese insurer

JAMIE WILLIAMSON  |  WEDNESDAY, 23 MAY 2018
... Mitsui Sumitomo as per a condition of the bank's sale of its Australian and New Zealand life insurance businesses to AIA Group announced in September 2017. The bank anticipates the transaction will result in an indicative after tax gain of about $450 ...

CBA mulls sale of Indonesian life business

JAMIE WILLIAMSON  |  TUESDAY, 3 APR 2018
... million in profit for the year. The move follows CBA's decision to offload its Australia and New Zealand life business to AIA Group in September last year. The $3.8 billion sale of CommInsure Life and Sovereign included a 20-year bancassurance partnership ...
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