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Showing 1 - 10 of 15 results for "Colonial Mutual Life Assurance Society"

Super, advice class actions dampen CBA results

KARREN VERGARA  |  WEDNESDAY, 15 FEB 2023
... and breached its trustee duties when taking out group insurance policies obtained from Colonial Mutual Life Assurance Society Limited (CMLA). It is alleged that CFSIL entered and maintained insurance policies with CMLA on terms that were less favourable ...

ANZ to pay $42m in insurance lawsuit

CASSANDRA BALDINI  |  MONDAY, 14 NOV 2022
... Bank will pay $50 million though said it makes no admission of liability and neither does Colonial Mutual Life Assurance Society or AIA Australia. Another settlement was agreed with Westpac, the law firm said. The three settlements, which are all subject ...

Premiums to increase at ESSSuper

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
... of TPD will be broadened. After a 2020 open market tender, ESSSuper elected to reappoint Colonial Mutual Life Assurance Society, formerly known as CommInsure, as its group insurer until 30 June 2023. AIA's acquisition of CommInsure was approved by ...

Colonial Super Retirement Fund rejigs managers

KANIKA SOOD  |  WEDNESDAY, 3 MAR 2021
... products available via Colonial Super Retirement Fund and other products issued by the Colonial Mutual Life Assurance Society Limited (CMLA). In Australian fixed income, Macquarie's Australian Fixed Income Fund will replace the PIMCO Wholesale Australian ...

CommInsure cops $700k hawking fine

HARRISON WORLEY  |  THURSDAY, 28 NOV 2019
CommInsure has been fined $700,000 after pleading guilty to hawking offences. The Colonial Mutual Life Assurance Society - a Commonwealth Bank subsidiary trading as CommInsure - has been convicted of 87 counts of offering to sell insurance products ...

CommInsure enters guilty plea

ELIZA BAVIN  |  TUESDAY, 19 NOV 2019
CommInsure has pleaded guilty to 87 hawking offences. ASIC announced that Colonial Mutual Life Assurance Society, trading as CommInsure, has entered a guilty plea for 87 counts of offering to sell insurance products in the course of unlawful, unsolicited ...

CBA finalises CommInsure sale

ELIZA BAVIN  |  FRIDAY, 1 NOV 2019
... will "obtain an appropriate level of direct management and oversight" of the business. Colonial Mutual Life Assurance Society, the key life insurance entity of CommInsure Life, has also implemented reinsurance arrangements that are expected to result ...

Equity Trustees wins Colonial mandate

KANIKA SOOD  |  FRIDAY, 4 OCT 2019
... Trustees has cracked $100 billion in funds under supervision, after striking an agreement with Colonial Mutual Life Assurance Society effective October 1. Equity Trustees Limited is taking over as the trustee of $10.5 billion of CMLA's assets. Another ...

CommInsure charged over hawking

HARRISON WORLEY  |  FRIDAY, 4 OCT 2019
... did point out it ceased telephone sales of Simple Life insurance products issued by the Colonial Mutual Life Assurance Society (CMLA) - which trades as CommInsure - at the end of 2014. "These matters had been the subject of an investigation by the Australian ...

CommInsure sale stalls, sold for discount

KARREN VERGARA  |  FRIDAY, 23 AUG 2019
... AIA. Also as part of the revised agreement, CommInsure Life's main life insurance entity Colonial Mutual Life Assurance Society (CMLA) plans to enter into a reinsurance arrangement with a global reinsurer. CBA expects to receive a distribution from CMLA ...
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