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Search ResultsShowing 1 - 10 of 48 results for "Nippon Life"
MLC Life appoints retail general manager
KANIKA SOOD  |  MONDAY, 8 MAR 2021
... Downey said. MLC Life Insurance received a $650 million capital injection just before Christmas, as its majority owner Nippon Life saw the risk of MLC Life's "stagnant" business performance continuing beyond 2021. MLC Life's ownership structure ...
MLC Life appoints transformation lead
JAMIE WILLIAMSON  |  THURSDAY, 28 JAN 2021
... equity and $120 million in subordinated debt with a roughly 10-year maturity. Its ownership remains the same, with Nippon Life subscribing to the $120 million debt alone. "It sets us up to survive and thrive in the coming post-pandemic environment. It ...
MLC Life appoints executive
KANIKA SOOD  |  WEDNESDAY, 13 JAN 2021
... Rodney Cook, who joined in June last year. "Michael's appointment, in addition to the recent capital injection from Nippon Life and NAB, demonstrates that we are on the right path, despite the fast-changing operating environment we face," Cook said. ...
MLC Life Insurance raises $650 million
KANIKA SOOD  |  WEDNESDAY, 6 JAN 2021
The insurer received a $650 million capital injection just before Christmas, as its majority owner Nippon Life sees the risk of MLC Life's "stagnant" business performance continuing beyond 2021. The raise includes $530 million in ordinary equity, priced ...
MLC Life names new chief executive
JAMIE WILLIAMSON  |  THURSDAY, 4 JUN 2020
... These are challenging times for all Australians and their life insurers," he said. "With the continued support of Nippon Life and NAB, and significant ongoing investment in our technology and processes, I aim to deliver outstanding service to our 1.3 ...
AIA income protection premiums jump
ELIZABETH MCARTHUR  |  FRIDAY, 14 FEB 2020
... customers have been required to pay for income protection over the last two years. Earlier this year, MLC Life owner Nippon Life reported to the Tokyo stock exchange that deteriorating conditions in the Australian life insurance industry are to blame ...
MLC Life chief steps down
JAMIE WILLIAMSON  |  WEDNESDAY, 22 JAN 2020
... its establishment as a standalone life insurer whilst separating from the National Australia Bank and joining the Nippon Life Insurance Group," MLC Life said. "This has been a complex and difficult task and has required enormous personal time and energy ...
MLC Life Insurance under review
ELIZA BAVIN  |  TUESDAY, 7 JAN 2020
... facing deteriorating profitability in relation to income protection products, according to MLC Life Insurance owner Nippon Life. The Japan-based majority shareholder of MLC Life purchased the business off National Australia Bank in 2015, though the two ...
MLC Life wins group insurance mandate
KARREN VERGARA  |  WEDNESDAY, 22 MAY 2019
... the deal is an important sign of MLC Life's growing strength in the group insurance market. "As a member of the Nippon Life Group of companies, we're investing significantly in our people, processes and technology, deploying over $500 million ...
NAB, Nippon lock heads over MLC
KARREN VERGARA  |  THURSDAY, 2 MAY 2019
The National Australia Bank is clashing with Nippon Life about spinning off MLC as a standalone entity, admitting it is amid "disputing" contractual obligations. NAB revealed in its March 2019 interim financial results this morning a number of disputes ...
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