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Search ResultsShowing 1 - 10 of 16 results for "CommInsure Life"
AMP, BT and CBA to face class action
ELIZABETH MCARTHUR  |  FRIDAY, 31 JUL 2020
... or BT Superannuation Invest Fund plans between 2014 and 2020. Also asked to join the class action by Shine are CommInsure life or income protection policy holders who got their insurance through Commonwealth Financial Planning, Financial Wisdom, Count ...
CommInsure income protection off the menu
ELIZABETH MCARTHUR  |  TUESDAY, 18 FEB 2020
AIA Australia, which now owns CommInsure Life, has announced that CommInsure Protection products will cease accepting new business from 31 March 2020. AIA said the move to streamline its retail advised life risk business is the next step in its integration ...
CBA finalises CommInsure sale
ELIZA BAVIN  |  FRIDAY, 1 NOV 2019
... said it has received an upfront payment of $500 million from AIA and the full economic interests associated with CommInsure Life have been transferred to AIA. The deal excludes the banks 37.5% equity interest in BoCommLife Insurance Company. CBA said ...
CommInsure sale stalls, sold for discount
KARREN VERGARA  |  FRIDAY, 23 AUG 2019
... as the sale 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 ...
CBA posts $4.6b in profits, dividend flat
KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... and the bank kept its interim dividend at $2 per share. The $4.6 billion NPAT includes discontinued operations: CommInsure Life, CFSGAM and Sovereign. The cash NPAT from continuing operations was $4.7 billion, up 1.7% over H1 of FY18. The interim dividend ...
CBA stashes cash for compliance
DARREN SNYDER  |  WEDNESDAY, 12 DEC 2018
... 2019 to cover larger than expected costs for compliance and remediation programs as well as its separation from CommInsure Life. In an update to the ASX on Tuesday evening, CBA said its financial results for the six months to 31 December 2018 (1H19) ...
Life insurance sector strengthens
KARREN VERGARA  |  FRIDAY, 24 AUG 2018
... 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 for the provision of life insurance products to customers ...
Foreign owners take over life insurance: KPMG
KARREN VERGARA  |  TUESDAY, 21 AUG 2018
... 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 for the provision of life insurance products to ...
CBA mulls sale of Indonesian life business
JAMIE WILLIAMSON  |  TUESDAY, 3 APR 2018
... 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 with AIA for the provision of life insurance products. However ...
CommInsure life insurance ads misleading: ASIC
KARREN VERGARA  |  TUESDAY, 19 DEC 2017
The final investigation into CommInsure will see the life insurer pay $300,000 to a community group after ASIC raised concerns about misleading advertisements for two of its life insurance policies. An investigation between mid-2013 to March 2016 found ...
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