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…
Life Insurance
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…
Zurich given top business insurance rating
31 January 2011
Zurich has been given an outstanding value rating by Cannex for its key person and business partner insurance products…
Japanese life insurer makes move on Tower
31 January 2011
Dai-ichi Life Insurance is looking to take complete control of Tower Australia with a $4 a share offer…
Axa sets a March merger vote
31 January 2011
Axa Asia Pacific Holding’s shareholders will be able to vote on a merger with AMP on March 2 at a special meeting in Melbourne…
ClearView attracts top actuary
31 January 2011
ClearView Wealth has appointed former KPMG partner Greg Martin as its new Chief Actuary and Risk Officer…
AIA wins Sunsuper account from Suncorp
13 December 2010
AIA Australia has won a massive group insurance contract, worth about $160 million in premiums a year, from Suncorp Life…
More advisers selling life insurance through platforms
13 December 2010
More financial advisers are selling life insurance products, with many using an investment platform for the transaction…
New committee for planning standards
13 December 2010
The Financial Planning Standards Board has formed a new committee to oversee global competency, ethics and practice standards for the industry…
Premium income up for life insurers
13 December 2010
Total inforce annual life insurance premiums rose by 10.1% to $8.71 billion for the year ending September 30, according to research house Dexx&R…