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Showing 1 - 8 of 8 results for "Westpac Pacific"

PNG regulator denies Westpac Pacific sale

ANNABELLE DICKSON  |  TUESDAY, 14 SEP 2021
Papua New Guinea's consumer regulator, the Independent Consumer and Competition Commission (ICCC), has denied Westpac's sale of its Pacific business to Kina Securities. Kina Securities was set to pay $420 million for Westpac Fiji and 89.91% of Westpac ...

Westpac sells life insurance unit

KARREN VERGARA  |  MONDAY, 9 AUG 2021
... insurance needs by partnering with TAL." In the last year, Westpac has also ditched its lenders mortgage insurance, Westpac Pacific, auto finance and New Zealand life insurance businesses, and separated its general insurance and vendor finance busine ...

Westpac profit climbs, executive leaves

ANNABELLE DICKSON  |  MONDAY, 3 MAY 2021
... offload its specialist businesses and ramp up its digital transformation. Westpac has already sold Vendor Finance, Westpac Pacific, General Insurance and Lenders Mortgage Insurance. The remaining businesses to be sold include Westpac Life Insurance ...

Westpac earnings take hit

ANNABELLE DICKSON  |  MONDAY, 26 APR 2021
... to lenders mortgage insurance. Furthermore, the bank recorded an accounting loss of $113 million on the sale of Westpac Pacific along with transaction costs and divestments. However, Westpac noted these losses were offset partially due to a net gain ...

Westpac prioritises risk management

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... is underway and the exit of several units are progressing. This included the sale of Westpac General Insurance, Westpac Pacific and NZ Wealth advisory; returning 300 out of 1000 offshore jobs to Australia and ending its relationship with IOOF.

Westpac profits down on AUSTRAC fine

ANNABELLE DICKSON  |  MONDAY, 2 NOV 2020
... compliance costs. Insurance recorded a net loss of $480 million due to bushfires, storms and lower premiums, while Westpac Pacific recorded $11 million cash profit down $58 million over the year. Westpac recorded positive results for BT Panorama with ...

Westpac offloads vendor finance business

ALLY SELBY  |  FRIDAY, 21 AUG 2020
... the year to review and ready the bank's superannuation, platforms, investments, insurance, auto finance and Westpac Pacific businesses for sales, demergers and spin-offs - said the sale would help simplify the bank's operations. "The sale represents ...

Westpac to review business units

JAMIE WILLIAMSON  |  MONDAY, 4 MAY 2020
... retirement products, investments, and general and life insurance and auto finance, he added. It will also include Westpac Pacific. Commenting on Yetton's appointment, King described him as a proven executive who is returning to Westpac, having previously ...
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