FIRB clears Dai-ichi bid for Tower
28 March 2011
Dai-ichi Life has received Foreign Investment Review Board approval for its takeover of Tower Australia…
Life Insurance
AIA CFO quits to return home
28 March 2011
AIA Group CFO Marc de Cure has left after just six months in the Hong Kong-based position for “family-related reasons”…
Count increases Centrepoint stake
21 March 2011
Count Financial has increased its stake in Centrepoint Alliance to 9.27%…
Tower takeover details sent to shareholders
21 March 2011
Tower Australia has sent out its scheme booklet to shareholders for the takeover by Dai-ichi Life…
Small growth for NZ life insurance sales
21 March 2011
Although NZ life insurance premium income rose during the December quarter, the nation is still underinsured, the NZ Investment Savings and Insurance Association says…
Expanded role for new head of risk at PIS
21 March 2011
Professional Investment Services has appointed Mark Stubbings as its Head of Risk…
Life showing signs of recovery
14 March 2011
The Australian life insurance industry is showing signs of recovery from the global economic malaise with profits rising and total expenses dropping, according to the latest Australian Prudential Regulation Authority statistics…
Axa managers move across to AMP
14 March 2011
A number of Axa’s senior financial advice managers will be transferring to AMP at the end of the month after the Supreme Court approved the merger last week…
Macquarie Life simplifies science
14 March 2011
Macquarie Life has launched an online educational site for advisers to help explain medical illnesses…
Low number of life claims from earthquake
14 March 2011
Fidelity Life has received only a small number of life insurance claims from the second Christchurch earthquake…
Earthquake hits Tower’s bottom line
14 March 2011
Tower NZ has been forced to buy more reinsurance cover following the latest earthquake in Christchurch…
Insurers ignoring women at their peril
14 March 2011
Insurers are ignoring women with their marketing campaigns, even they are heavily involved with making decisions on financial services…
Shareholders vote Axa out of existence
07 March 2011
Axa Asia Pacific Holdings shareholders have overwhelmingly voted for the merger with AMP…
Life new business premiums down
07 March 2011
New life insurance business annual premiums were down 3.34% for the year ending December 31, according to research house Dexx&r…
Timely life insurance conference for industry
07 March 2011
The Financial Services Council Life Insurance Conference next month will provide the industry with regulatory updates and industry trends, according to CEO John Brogden…
Ombudsman compares companies’ disputes
28 February 2011
The Financial Ombudsman Service has released comparative tables on major financial services companies for the first time…
Shorten ‘should focus on life underinsurance’
28 February 2011
The Association of Financial Advisers has attacked Assistant Treasurer Bill Shorten for ignoring the lack of life insurance held by Australians…
FSC wants volume payments to stay
28 February 2011
The Financial Services Council has joined the fight against banning volume-related payments to financial advisers…
Strong result from AIA
28 February 2011
AIA has reported a 54% increase in net profit to $US2.7 billion ($2.6 billion) for the year ending November 30…
CommInsure and Tower named top insurers
28 February 2011
Both CommInsure and Tower Australia have been named Association of Financial Advisers Life Company of the Year…