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Showing 1 - 10 of 56 results for "Resolution Life"

Suncorp sells NZ life business to Resolution Life

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2024
Resolution Life has acquired Asteron Life New Zealand for NZ$410 million. Resolution Life will buy the business from Suncorp Group. In doing so, it will become the second largest life insurer in New Zealand, with about 165 employees and a network of ...

AMP names new group insurer

KARREN VERGARA  |  MONDAY, 22 JAN 2024
AMP has named a new default insurance provider for its superannuation offering to replace Resolution Life. TAL is the new group insurer for AMP Super Fund, which includes its flagship product SignatureSuper. Commenting on the transition, AMP general ...

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... Court of New South Wales by Munich Re in April 2023. The proceedings regard the manner in which both Munich Re and Resolution Life Australasia (formerly AMP Life and also named as a defendant) entered into certain reinsurance agreements in 2016 and 2017. ...

Life insurance industry profits double, premiums rise: KPMG

ANDREW MCKEAN  |  TUESDAY, 17 OCT 2023
... contrast to reinsurers, where only two out of seven posted profits, accumulating a combined loss of $300 million. Resolution Life topped the list of the highest direct profit as a percentage of revenue, recording 28.6%, followed by Challenger at 23.6% ...

Risk sector grows 4%: Research

KARREN VERGARA  |  FRIDAY, 29 SEP 2023
... ClearView (7.5%) with $214 million and Zurich (5.4%) with $1.6 billion also reported strong inflows for the year. Resolution Life was the only insurer to report a decline in this category of -2.1%, ending the period with $867 million. Activity for AIA ...

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... New South Wales by Munich Re in April 2023. Central to the proceedings is the manner in which both Munich Re and Resolution Life Australasia (formerly AMP Life and also named as a defendant) entered into certain reinsurance agreements in 2016 and 2017. ...

DB Results launches policy admin system

CHLOE WALKER  |  MONDAY, 21 AUG 2023
... industry into a new stage of growth," he said. DB Results is said to have worked with industry experts including Resolution Life Australasia on the design of PAS. Resolution Life is now working with DB Results for a second migration of its recently acquired ...

What you read in 2022

CASSANDRA BALDINI  |  FRIDAY, 16 DEC 2022
... AIA sells super investment business AIA is offloaded its $8 billion superannuation and investments business to Resolution Life. In an announcement made in February, AIA said the sale would allow the insurer to focus on its core business of life and health ...

CALI backed by industry

CASSANDRA BALDINI  |  MONDAY, 7 NOV 2022
... Members include AIA Australia, ClearView, Hannover Re, Integrity Life, MLC Life Insurance, NobleOak, QInsure, Resolution Life Australasia, Swiss Re, Zurich Financial Services, Challenger, General Reinsurance Life, HCF Life, MetLife Australia, Munich ...

AMP cops $14.5m penalty over fees for no service

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
... Planning, Charter Financial Planning, Hillross Financial Services and AMP Life, which has since been acquired by Resolution Life. All five companies admitted to the misconduct. Breaking the penalty down, $4.8 million will be paid by AMP Financial Planning ...
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