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Showing 1 - 10 of 208 results for "reinsurance"

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... remain competitive, while adding there were no plans to take the fund public. 7) Munich Re targets AMP over alleged reinsurance misconduct (August 23) In a disclosure nestled within AMP's half-year results, it was revealed that AMP Limited and subsidiaries ...

AIA restructures retail insurance unit

CASSANDRA BALDINI  |  WEDNESDAY, 18 OCT 2023
... for the retail-advised market. AIA said that the structural changes, in conjunction with the recent amendments in reinsurance arrangements made in September, underscore its dedication to the retail adviser market. The company said it also aims to leverage ...

AIA welcomes new group partnerships lead

JAMIE WILLIAMSON  |  WEDNESDAY, 27 SEP 2023
... served as vice president, client management since 2016. Other previous roles include director, business development at Reinsurance Group of America and several senior roles within CommInsure, including overseeing corporate fund partnerships and business ...

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
AMP is facing legal action from global reinsurer Munich Re over potentially deceptive practices in past reinsurance arrangements. In a disclosure nestled within AMP's recent half-year results, it was revealed that AMP Limited and its subsidiaries, including ...

Insurance firms defy inflationary shocks

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2023
... a high level of natural disasters, both in Australia and in markets like the US, which pushes up claims inflation, reinsurance rates and ultimately insurance premiums." Further, McLean said a higher interest rate environment means insurers can earn good ...

ClearView strengthens leadership team

KARREN VERGARA  |  MONDAY, 17 JUL 2023
... responsibilities will expand to include data and analytics, and product and pricing. Kulikov joined ClearView from Reinsurance Group of America (RGA) where he was head of research and chief risk officer. They both report to ClearView managing director ...

Leigh Watson caps four decades in industry

ELIZABETH FRY  |  FRIDAY, 14 JUL 2023
... spend more time with family and friends. Watson left Swiss Re on June 30 after nine years as the head of life & health reinsurance for Australia & New Zealand. Before that, he worked at National Australia Bank as executive general manager of asset servicing ...

Treasury proposes upping supervisory levies

ANDREW MCKEAN  |  FRIDAY, 26 MAY 2023
... insurance dropped from $30.2 million to $29.5 million. The industry faces challenges such as natural disasters, rising reinsurance costs, and an adverse economic environment, so APRA will focus on building industry resilience. The superannuation industry ...

APRA investigates NobleOak capital adequacy breach

KARREN VERGARA  |  FRIDAY, 31 MAR 2023
... investigate the ASX-listed company's compliance process that led to breaches of capital adequacy requirements relating to reinsurance exposures and associated asset concentration risk, calling into question how these were measured and reported. The breaches ...

CALI hires policy director from FPA

KARREN VERGARA  |  TUESDAY, 14 MAR 2023
... general manager of corporate affairs and strategy, on the executive team. AIA Australia, Challenger, ClearView, General Reinsurance Life, Hannover Re, Integrity Life, MetLife Australia, MLC Life and Zurich are some of CALI's members.
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