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Insurance

Suncorp chief executive to depart

ALEX BURKE  |  THURSDAY, 12 FEB 2015
Suncorp Group chief executive Patrick Snowball has confirmed reports he will leave the company by the end of 2015.

Life insurance commissions must remain an option: AFA

LAURA MILLAN  |  WEDNESDAY, 11 FEB 2015
High upfront commissions in life insurance might not have a future, but advisers should still be able to use other types of commissions, the Association of Financial Advisers (AFA)'s chief operating officer Phil Anderson said.

Reconsider life insurance commission ban: ISA

LAURA MILLAN  |  TUESDAY, 10 FEB 2015
Life insurance status quo must change and the Life Insurance and Advice Working Group should reconsider banning commissions from risk advice, Industry Superannuation Australia (ISA) said in its submission to the inquiry.

Buffett moves in on Australian insurers

ALEX BURKE  |  FRIDAY, 6 FEB 2015
Warren Buffett-owned global speciality insurer Berkshire Hathaway Specialty Insurance (BHSI) Australia and New Zealand has poached key senior executives from AIG and other insurers.

Suncorp tight-lipped on CEO departure

LAURA MILLAN  |  WEDNESDAY, 4 FEB 2015
Suncorp Group has refused to comment on speculation that its chief executive Patrick Snowball will retire from his role and that a successor will be appointed at the end of 2015.

Industry insurance report to focus on advice remuneration model

LAURA MILLAN  |  FRIDAY, 30 JAN 2015
The final report by the Financial Services Council (FSC) and the Association of Financial Advisers (AFA) life insurance working group will largely focus on risk advisers' remuneration structures.

Centuria partners with Mason Stevens to deliver credit bond

ALEX BURKE  |  THURSDAY, 29 JAN 2015
Centuria Life has partnered with Mason Stevens to add a bespoke credit bond to its Tax Astute product suite.

Separate risk advisers from other planners: Synchron

LAURA MILLAN  |  THURSDAY, 29 JAN 2015
A life insurance policy has more in common with car insurance policies than with an investment portfolio and therefore risk advisers should be kept separate from other financial planners, Synchron director Don Trapnell argued.

Dai-ichi Life expands US, Asia Pacific presence

ALEX BURKE  |  TUESDAY, 27 JAN 2015
Dai-ichi Life, Japanese parent company of Australian life insurer TAL, is expanding its operations in the US and Asia Pacific regions.

Surging group premiums push insurer inflows up 12.9 pct

ALEX DUNNIN  |  WEDNESDAY, 14 JAN 2015
Life insurance premiums jumped 12.9% during 2014 driven by group business, which has surged by 24%.