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Showing 1 - 10 of 26 results for "CommInsure Life"

AIA sells super, investments business

JAMIE WILLIAMSON  |  THURSDAY, 24 FEB 2022
... business of life and health insurance and wellbeing services. AIA came to own the business through its acquisition of CommInsure Life, which was completed last year. It will be transferred to Resolution Life by way of a statutory asset transfer and marks ...

Commonwealth Financial Planning to shutter

ELIZABETH MCARTHUR  |  TUESDAY, 26 OCT 2021
... CBA said the move is part of its partnership with AIA, following the sale of part of Commonwealth FP and 100% of CommInsure Life to AIA. AIA is launching its own financial advice offering, AIA Financial Wellbeing, in December 2021. Commonwealth FP customers ...

Commonwealth FP under review, partially offloaded

ANNABELLE DICKSON  |  WEDNESDAY, 28 JUL 2021
... financial advice plays an important role in helping Australians improve their financial wellbeing." CBA first sold CommInsure Life to AIA in 2019 and has now received a total of $2.3 billion of proceeds made up of $2.1 billion in cash and $240 million ...

New chair for AIA Australia

ELIZABETH MCARTHUR  |  WEDNESDAY, 7 JUL 2021
... which AIA acquired, will be chairing the AIA Australia board. "Having served as deputy chair of AIA and chair of CommInsure Life, it's a privilege to now lead AIA Australia as chair," Yates said. "There are significant opportunities ahead, including ...

CBA offloads general insurance arm

ANNABELLE DICKSON  |  MONDAY, 21 JUN 2021
... Commonwealth Bank has announced the sale of CommInsure General Insurance to the Hollard Group after divesting CommInsure Life and BoCommLife. Announced this morning, the sale agreement includes a 15-year strategic alliance that provides Hollard with ...

AIA executive joins MLC Life

ANNABELLE DICKSON  |  TUESDAY, 8 JUN 2021
... Kularajah was at AIA for nearly two years and in his role was responsible for the completion of AIA's purchase of CommInsure Life. He initially joined AIA as executive manager - portfolio actuary and business partner. He was previously in the same role ...

Premiums to increase at ESSSuper

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
... total of $2.3 billion of proceeds made up of $2.1 billion in cash and $240 million in dividends payments from CommInsure Life.

AIA progresses with acquisition

ANNABELLE DICKSON  |  TUESDAY, 19 JAN 2021
The life insurer is a step closer to finalising the acquisition of CommInsure Life, having now contacted policyholders. AIA Australia and CommInsure Life has sent a letter to CommInsure policyholders to inform them of the intended transfer by way of ...

CBA provides BoCommLife update

ANNABELLE DICKSON  |  WEDNESDAY, 9 DEC 2020
... Co for $886 million. CBA has revised the non-cash gains and losses of divestments of BoCommLife, CFS, CFSGAM, CommInsure Life and Ausiex and estimates the increase in post-tax statutory earnings to be $840 million as a non-cash item in its 2021 half ...

CBA progresses with divestment to AIA

ANNABELLE DICKSON  |  WEDNESDAY, 30 SEP 2020
... 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 increase to the bank's Common Equity Tier 1 ratio of eight basis points at June ...
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