Sunday, April 22, 2018

Australia

Insurance Asia Group names new deputy chair

Insurance Asia Group names new deputy chair

Virgin Australia Group’s chairman, Elizabeth Bryan appointed as deputy chairman.

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Insurance bought through financial advisers said to be cheaper

Insurance bought through financial advisers said to be cheaper

Report based on the analysis of more than 20 life insurance offers in Australia.

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Chubb Insurance names new Australia CEO

Chubb Insurance names new Australia CEO

Veteran, Matthew Doquile takes on new role from 1 July,

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Warren Buffett buys US$388m stake in IAG

Warren Buffett buys US$388m stake in IAG

IAG to sell a 3.7% stake to Berkshire Hathaway Inc. in a 10-year strategic partnership.

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Greenstone delays US$900m Australia IPO plan

Greenstone delays US$900m Australia IPO plan

Life Insurance distributor unwilling to accept a cut in valuation, according to reports.

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Nippon Life said to acquire National Australia Bank’s life insurance unit

Nippon Life said to acquire National Australia Bank’s life insurance unit

Analysts value the life insurance business at up to US$1.4bn.

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Australia’s April and May storm claims hit US$1.55bn

Australia’s April and May storm claims hit US$1.55bn

Over US$3.45bn worth of claims related to catastrophes handled since November 2014.

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Greenstone targets US$984m in Australia IPO

Greenstone targets US$984m in Australia IPO

Australian life Insurance distributor plans a 16 June listing.

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Majority of Australians regard insurance purchase as investment

Majority of Australians regard insurance purchase as investment

Findings from a survey commissioned by Australian insurer Budget Direct.

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Australia’s Honan Insurance acquires Singapore’s MACS

Australia’s Honan Insurance acquires Singapore’s MACS

General Insurance and Employee Benefits broker in South East Asia acquired for an undisclosed amount.

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Job cuts loom after Allianz Australia takes over TIO

Job cuts loom after Allianz Australia takes over TIO

The sale of TIO’s insurance arm to Allianz was approved by the Australian parliament.

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Berkshire Hathaway names Australasia insurance head

Berkshire Hathaway names Australasia insurance head

Chris Colahan joins BHSI from RSA Insurance Group.

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Compensation scheme for poor financial advice gets support in Australia

Compensation scheme for poor financial advice gets support in Australia

Draft legislation will provide compensation for customers found to be financially damaged by poor advice.

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Annuity recommendations getting popular among Australian planners

Annuity recommendations getting popular among Australian planners

Annuities had continued to increase over the last three years in response to client concerns such as longevity risk.

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