Ombudsman compares companies’ disputes
28 February 2011
The Financial Ombudsman Service has released comparative tables on major financial services companies for the first time…
Life Insurance
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…
Virgin moves into life insurance
21 February 2011
Virgin Money has moved into the life insurance market with a range of low-cost products created for it by Tower Australia…
Axa reports strong life insurance sales
21 February 2011
Axa Asia Pacific Holdings has reported good growth in its individual life insurance business in Australia and Asia for the 12 months ending December 31…
Mixed results for AMP life insurance business
21 February 2011
AMP’s contemporary wealth protection business operating earnings dropped 11% to $138 million for the 12 months ending December 31, 2010…
ClearView restructuring pays off
21 February 2011
Financial services specialist ClearView has reported an after-tax profit of $2.9 million, for the six months ending December 31 – up 709% compared to the corresponding period in 2009…
Strong demand for life insurance businesses
14 February 2011
The demand for adviser life insurance businesses remains strong due to the lack of opportunities in the open market, according to a company specialising in buying and selling adviser…
Macquarie Life wins five stars
14 February 2011
Macquarie Life will be focusing on claims management this year to maintain its service levels to advisers after being awarded five stars in the Beaton Benchmarks Life Insurance…
New look for life insurer survey
14 February 2011
A long-established life insurance survey has been relaunched this year under a new name and with revised survey and reporting measures…
GPG to sell Clearview and Tower stakes
14 February 2011
Guinness Peat Group has announced it will sell down its stakes in Clearview and Tower New Zealand…
Tower promotes group life executive
14 February 2011
Tower Australia has promoted its head of the group life business, Andrew Boldeman, to CEO of the division…
Zurich strengthens group life business
07 February 2011
Leading group income protection specialist IUS Group is set to move its group life insurance team to Zurich Life…
Tower will handle any new capital rules
07 February 2011
Tower Australia Chairman Rob Thomas believes the insurer will able to meet any increased capital requirements proposed by the Australian Prudential Regulation Authority…
Most advisers don’t want commissions ban
07 February 2011
Most principals running financial advice offices are opposed to the ban on commissions, according to new Association of Financial Advisers research…
Tower NZ restructures for growth
07 February 2011
Tower NZ plans to integrate its separate business units to grow the company, Group MD Rob Flannagan says…
Life insurers have a good year
31 January 2011
The Australian life insurance industry ended the 2010 financial year with good growth for net premiums and increased after-tax profits, according to the latest Australian Prudential…
Life insurance premium inflows continue to grow
31 January 2011
Total premium inflows for life insurers grew by 13.4% to $9.2 billion for the 12 months ending September, according to research house Plan For Life…