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How advisers can capture young risk clients
KARREN VERGARA  |  WEDNESDAY, 14 APR 2021
... is possible for financial advisers to attract young clients and convince them about the benefits of advice and life insurance using new strategies. Integrity Life's The fight for future markets report upends the notion that Millennials completely ...
Honan launches reinsurance offering
ELIZABETH MCARTHUR  |  WEDNESDAY, 14 APR 2021
... headed by Honan Asia managing director Eliza White. It will offer facultative reinsurance solutions to Honan's existing insurance partners. "We're very proud of the reinsurance offering as it deepens and broadens the group's capabilities and further ...
Natixis IM appoints chief executive
ANNABELLE DICKSON  |  FRIDAY, 9 APR 2021
... Tim Ryan, who will assume the role on April 12, was at Generali for four years as group chief investment officer for insurance assets and global chief executive of asset & wealth management. He was previously chair and chief executive of AllianceBernstein ...
APRA to overhaul offshore reinsurance standards
ANNABELLE DICKSON  |  FRIDAY, 9 APR 2021
... regulator has commenced industry consultation on revisions to the prudential standards for life insurers to protect life insurance policy holders against the use of offshore reinsurers. APRA is proposing an aggregate limit on exposures to offshore reinsurers ...
Time running out for claims licences
ELIZABETH MCARTHUR  |  FRIDAY, 9 APR 2021
ASIC says it has only received 15 applications for insurance claims handling and settling licences, with some so sloppy they will have to be resubmitted. The regulator has issued a reminder that, as per recent reforms, insurance claims handling and ...
Mercer calls for delay to super reforms
JAMIE WILLIAMSON  |  THURSDAY, 8 APR 2021
... asked how the lack of detail offered so far has impacted Mercer's ability to serve its clients, superannuation and insurance leader Richard Boyfield said any advice currently being dealt by Mercer comes with a caveat that its super fund clients' ...
QMV partnerships lead resigns
KARREN VERGARA  |  THURSDAY, 8 APR 2021
... for promoting independent advice, delivery, software and subject-matter solutions across superannuation, wealth and insurance. His experience in financial services includes working at Thomson Reuters, Invesco, NAB and Aberdeen Asset Management. Over ...
Junk insurance lands Westpac in court
KARREN VERGARA  |  THURSDAY, 8 APR 2021
ASIC is taking Westpac to the Federal Court, alleging it sold junk credit insurance to 384 customers that did not want it and whose accounts were unlawfully debited to pay for the premiums. The corporate regulator has exposed dodgy sales of add-on insurance ...
MLC exec to lead fintech
KARREN VERGARA  |  WEDNESDAY, 7 APR 2021
... retail platform and asset management services to advisers. His prior experience includes working in senior banking, insurance and financial planning roles at NAB and BNZ. Intelliflo has also hired Stephen Wirth and Nicholas Sekulovski in a bid to grow ...
Spirit Super drops fees after merger
KANIKA SOOD  |  THURSDAY, 1 APR 2021
... up to the merger, Tasplan switched its MySuper product from lifecycle to single-strategy, and both funds raised their insurance premiums. MTAA increased its group insurance premiums twice; and Tasplan increased its income protection premiums in September ...
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