Insurance key to Australia’s economic success
29 March 2010
Federal Assistant Treasurer Senator Nick Sherry says the local insurance industry has a role to play in promoting Australia as a regional financial hub…
Life Insurance
MMC buys Bupa’s life and wealth portfolios
29 March 2010
Financial services company MMC Contrarian has paid $195 million to acquire the life insurance and wealth management units of health insurer Bupa Australia…
FPA drops insurance from commissions ban
22 March 2010
The Financial Planning Association has placed risk insurance outside of its new fee-for-service model to avoid disadvantaging consumers…
Regulator starts talking dollars on Storm
22 March 2010
It’s time to start talking about a commercial resolution to the Storm Financial collapse, says the Australian Securities and Investments Commission…
NAB extends its Axa APH takeover bid timing
22 March 2010
National Australia Bank has agreed to extend the terms of its proposal to acquire Axa Asia Pacific Holdings until next Monday…
Life insurers need to reassure on genetic testing
22 March 2010
A leading figure in Australian genetic medicine is urging the life insurance industry to help reduce public angst over DNA testing…
Letter ignites adviser industry debate
15 March 2010
Financial adviser dealer group Matrix Planning Solutions says it has received a very positive response to its call for the Financial Planning Association and Association of…
Zurich offers upgraded products, time savings
15 March 2010
Zurich Financial Services Australia has announced new life risk product enhancements and technological wizardry to help financial advisers cut administration time…
IFSA counts cost of life cover shortfall
08 March 2010
Underinsurance is rife in the life insurance sector and will cost the Federal Government an estimated $1.3 billion over the next decade, according to research…
APRA finalises changes to life prudential framework
08 March 2010
The prudential regulator has finalised changes that allow it to supervise groups containing life insurers in the same way as it oversees general insurers…
AIG sells life unit for $40 billion
08 March 2010
Crippled insurer AIG has sold its Asian life insurance portfolio as the repayment of US Government debt continues…
Swiss Re urges more action on life insurance
08 March 2010
A Swiss Re expert has urged Australian life insurers to seize on the lessons of the global financial crisis to improve the promotion of life insurance…
Axa takeover speculation takes new turn
01 March 2010
A new twist in the battle for Axa Asia-Pacific Holdings centres on a media report claiming AMP has a “Plan B” involving the ANZ Bank if its bid against rival…
Risk insurers wanted ahead of Centric IPO
01 March 2010
Sydney-based financial adviser Centric Wealth has tabled an aggressive expansion policy, seeking greater reach into risk insurance and an eventual public float…
It’s Comminsure’s year at life awards
01 March 2010
CommInsure is the standout performer in the 2009 Life Company of the Year Awards…
OAMPS finds chief for life insurance foray
01 March 2010
Former Axa Australia State Manager for Victoria and Tasmania Michael Meysztowitz will head up OAMPS’ new life insurance division…
Battle for Axa intensifies
22 February 2010
The two suitors for Axa Asia Pacific Holdings have used their quarterly reporting announcements to reiterate that they are seriously in the game…
Australians biggest financial losers
22 February 2010
Australians are increasingly snacking on an unhealthy diet of debt, poor savings and no insurance coverage…
IFSA set to unveil ‘massive’ underinsurance problem
22 February 2010
The Investment and Financial Services Association says it has groundbreaking new data showing that Australian families face a massive financial and lifestyle hit due to underinsurance…
Planners seek CEO
15 February 2010
Recruiters are expected to begin an international search today for a replacement for Jo-Anne Bloch, who has resigned as CEO of the Financial Planning Association…