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Insurance

ClearView calls for life insurance industry crackdown

ALEX BURKE  |  TUESDAY, 24 FEB 2015
ClearView Wealth Limited has petitioned Life Insurance and Advice Working Group (LIAWG) chairman John Trowbridge to fix numerous conflicts of interest within the industry.

Suncorp Life appoints distribution GM

LAURA MILLAN  |  MONDAY, 23 FEB 2015
Suncorp Life has appointed an executive general manager of distribution to face the challenging conditions of the life insurance industry.

Insurers grow market share at cost of profits

ALEX BURKE  |  FRIDAY, 20 FEB 2015
The market share consolidation of Australia's four biggest wholesale insurers (TAL, AIA Australia, CommInsure and Metlife) is offset by declining profits in the long-term, according to Rice Warner's Wholesale Risk Insurance Report.

Challenger retail annuity sales up 8%, profit down

LAURA MILLAN  |  TUESDAY, 17 FEB 2015
Challenger annuity sales were up 8% during the first half of the 2014-2015 financial year, but net profit after tax was down, the half year report showed.

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.