Zurich wants to build life market share
20 April 2004
Zurich Financial Services is getting serious about growing its share of the life market in Australia, bringing in managers for its marketing and business projects units…
Life Insurance
AIG makes its mark
20 April 2004
American International Assurance Company (Australia) Limited (AIA) has changed its name to reflect the powerful image of its US parent…
FPA steps up to re-jig planners’ image
20 April 2004
Just a few weeks after predicting a $2 million deficit for the 2004 year, the Financial Planning Association – the peak body representing planners – has stepped up its activities…
Genetic discrimination study begins
20 April 2004
The first large-scale study of genetic discrimination in Australia is under way, with researchers around the country investigating the positive and minus points of genetic testing…
ASIC report is old news, say planners
14 April 2004
ASIC is under fire for using two-year-old information to make a point about financial planners’ patterns of advice…
It’s looking up for planners, says FPA
09 March 2004
Financial planners are finally back on track and in good shape after 18 months of dealing with one disaster after another, according to the Financial Planning Association…
NBNZ may sell life business
09 March 2004
There’s speculation around the industry that the ANZ Banking Group is about to sell the life operations of its newest acquisition, the National Bank of New Zealand…
Simplifying financial know-how
02 March 2004
Media personality and financial guru Paul Clitheroe will head up a top-level 15-member taskforce panel…
Better handling for mentally ill
02 March 2004
Following last week’s Sunrise Exchange News’ tip that the Investment and Financial Services Association was planning to re-commit its efforts to improving life insurance…
Increasing life expectancy concerns insurers
24 February 2004
Rising age expectancy is emerging as the latest hot issue for the life insurance and superannuation sectors…
APRA winds up 396 ‘uncontactable’ super funds
24 February 2004
Continuing with its hard-line attitude on enforcement, APRA has wound up 396 super funds and disqualified their trustees…
Industry commitment to improving mental health issues recognised
24 February 2004
Australia’s life insurance industry will today commit another two years to the principles of the World First Memorandum of Understanding with the Mental Health Service Stakeholders…
Mixed reaction to FSRA relief
17 February 2004
There’s less than a month before the Financial Services Reform Act officially kicks in but that hasn’t stopped the Government adding yet more changes to the regulations…
Uncertainty for Silvalake advisers
17 February 2004
Insurance and financial services business Silvalake is being wound up after management allegedly told an insurer it’s more than $2 million in debt and can’t afford remittances…
Penn tipped for Axa’s top job
10 February 2004
Axa Asia Pacific has extended CEO Les Owen’s contract for two years and appointed CFO Andrew Penn as CEO of the group’s Australian and New Zealand operations…
Zurich beefs up life strategy
10 February 2004
Zurich Financial Services Australia has appointed a number of specialist underwriting managers in a bid to increase its focus on life risk…
Arrow in heart for new life insurer
10 February 2004
After a rough couple of years, it seems more companies are looking to the life sector for new business opportunities…
Planners look to Plan B
03 February 2004
About 16% of planners belonging to the Financial Planning Association have yet to get their Australian financial services licences…
St Andrew’s gets a life licence
03 February 2004
St Andrew’s Australia has been given the thumbs-up by APRA to start a new life insurance company…
NAB sells UK life operation as it sizes up AMP
09 December 2003
National Australia Bank has sold its British life insurance subsidiary, National Australia Life Company…