Country: Australasia Page 109 / 113
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- April 1 2018
CBA eyes sale of Indonesian life insurance business
Commonwealth Life could be valued at up to US$250 million as the Aussie bank bids to free up capital.
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- February 27 2018
QBE posts US$1.25bn net loss for 2017
The losses are attributed to claims from natural disasters and underperforming businesses in emerging markets.
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- February 22 2018
Risk culture still lacking in Asia – EY
Less than half of insurers across the region have developed a risk culture or risk conduct framework.
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- February 15 2018
IAG sees ‘limited’ Asia opportunities
The Australian group is conducting a strategic review of its US$630m investment in the region.
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- February 15 2018
IAG reviews Asian operations
The review comes after a sharp surge in its first half 2017 profits, owing to higher premiums.
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- February 13 2018
China Life reportedly acquiring AMP’s life assets for US$3bn
A possible deal to buy the troubled life insurance assets could be announced in May, according to reports.
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- January 25 2018
QBE expects to book $1.2bn in losses
Huge wildfires in California, storms in Australia and Hurricane Maria contributed to unprecedented costs.
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- January 23 2018
IAG likely to move 141 jobs to the Philippines
The Australian group is reportedly shifting back-office jobs from New Zealand and Australia.
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- January 15 2018
CBA eyes selling stake in Indonesian venture
The sale of a majority stake in Commonwealth Life could value the insurer at up to US$250m.
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- December 15 2017
Chubb makes leadership changes in Asia Pacific
John French named head of broker distribution and Jarrod Hill as country president, Australia and New Zealand.
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- December 13 2017
Zurich agrees to buy ANZ life insurance arm for US$2.1bn
The Swiss insurer will become the biggest insurance company in the country after the deal.
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- December 12 2017
Allied World appoints country manager for Australia
Iain MacLeod will lead the company in the execution of its growth plan for the country.
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- December 12 2017
ANZ nears final stage of sale of life insurance unit
A deal will likely be completed in the latter half of 2018 if the transaction is signed next week.
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- December 11 2017
IAG shares 12.5% premiums, costs with reinsurers
In an effort to curb volatility in its earnings Australia’s biggest general insurer is releasing capital.
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- December 5 2017
Steadfast to buy Whitbread Insurance for US$72m
Australia's biggest network of insurance brokers and advisers said it would finance the acquisition with a A$100m institutional placement.
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- October 23 2017
IAG stalls Asia expansion to focus on home markets
Declining commercial and regulatory conditions have restrained opportunities for its expansion in the region.
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- October 18 2017
Honan Insurance to acquire Singapore-based NGA Benefits
The Australian-owned and operated buyer is looking to add to its growing employee benefits business in South-East Asia.
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- October 4 2017
QBE says 2017 could be costliest in history
The Australian insurer expects its earnings to be dented by rising claims from this year's disasters.
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- October 3 2017
Suncorp plans to sell life insurance unit
The move comes after chief executive Michael Cameron commenced a strategic review of the division in February.
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- September 22 2017
AIA pays A$3.8 billion for CBA life unit
The Asian insurance giant has acquired Australia's CommInsure Life and New Zealand's Sovereign.
