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Insurance

Labor wants stronger LIF rules

ALEX BURKE  |  FRIDAY, 4 MAR 2016
Legislation based on the Life Insurance Framework doesn't go far enough according to Shadow Minister for Financial Services and Superannuation, Jim Chalmers.

Zurich buys Macquarie Life

MARK SMITH  |  FRIDAY, 4 MAR 2016
Macquarie Group has entered into an agreement to sell its Macquarie Life insurance business to Zurich Australia.

BT awarded Life Company of the Year

DARREN SNYDER  |  FRIDAY, 4 MAR 2016
BT Financial Group has been awarded 2015 Life Company of the Year at a ceremony hosted by Plan for Life and the Association of Financial Advisers in Sydney last night.

AIA profit boosted by Asian insurance demand

ALEX BURKE  |  FRIDAY, 26 FEB 2016
AIA has released its global interim 2016 results, showing an operating after-tax profit boost of 16% to US$3.2 billion ($4.4 billion).

ACE forced to pay $1m for poor Combined sales culture

MARK SMITH  |  FRIDAY, 26 FEB 2016
ASIC has accepted an enforceable undertaking (EU) from ACE Insurance following an investigation into one of its divisions, Combined Insurance.

ClearView FUA hits $8bn

ALEX BURKE  |  WEDNESDAY, 24 FEB 2016
ClearView has announced its 2016 interim results, which show funds under advice have risen 9% to $8.1 billion.

Suncorp appoints new C-suite for restructured business

ALEX BURKE  |  TUESDAY, 23 FEB 2016
Suncorp has consolidated its separate business channels and appointed nine senior executives to lead the restructured company.

PPS launches life insurance mutual offering

ALEX BURKE  |  THURSDAY, 18 FEB 2016
South African financial services firm PPS has launched PPS Mutual in Australia, providing access to a retail life risk mutual offering.

Zurich launches LIF support initiative

MARK SMITH  |  THURSDAY, 18 FEB 2016
Zurich Financial Services Australia is launching a life insurance framework (LIF) support package for financial advisers, via a national roadshow.

Combined Insurance to cease new Australian business

ALEX BURKE  |  WEDNESDAY, 17 FEB 2016
Combined Insurance has announced it will cease writing new Australian business on April 22.