Insurance

AMP buys China Life Pension stake for $240m

Deal brings near 20 per cent stake in China's biggest pension company, strategic foothold in rapidly growing market.

IAG on track to deliver FY15 guidance

Insurance Australia expects premium growth up to 20%, aided by Wesfarmers acquisition in June.

Medibank investors must read the fine print

2 comments
Strong markets abroad suggest Medibank Private's retail subscribers are likely to enjoy profits in the short term, but there are a few traps for the unwary.

The risk of banking on Medibank

5 comments
The prospectus price range for Medibank looks reassuringly conservative, but things could change if its premium pool is hit by market turmoil.

NAB life insurance sale could reap $1.5bn

AIA Group and MetLife linked to possible auction of bank’s life insurance unit: report.

Choppy seas ahead for the Medibank float

6 comments
Volatility in the market may have increased, but analysts say there is still an appetite among investors for new listings.

Medibank float gets strong pre-registration interest

Interest in health insurer’s $4 billion-plus IPO exceeds government expectations.

Bernanke defends AIG bailout

Former Fed chairman denies the rescue was designed to punish the insurer.

ASIC slams life insurance 'failure'

ASIC investigation into life insurance advice found 37% of cases out of step with the law.

IKEA enters insurance sector

Swedish furniture giant to roll out trial sales within weeks.

NT weighs asset sell-off

Northern Territory the latest region to consider major asset sales to aid budget.

How Medibank customers will make or break its float

3 comments
The strategy put in play by George Savvides and Mathias Cormann requires a few key ingredients to ensure its success.

US govt faces $US40bn AIG suit

Lawsuit against govt begins in court amid claims of unlawful seizure of 80% stake in AIG.

Govt woos retail investors for Medibank float

Pre-registration for $4bn IPO of the private health insurer begins, Cormann denies premiums will lift.

NAB mulls selling life insurance unit

Sale likely to attract attention of range of suitors including Chinese, Japanese and Canadian insurers if goes ahead.

IAG may close New Zealand branches

by AAP
IAG's State will decide mid-October whether to shut down branches as customers phone or turn online for assistance.

QBE announces board reshuffle

Jann Skinner and Stephen Fitzgerald set to join insurer's board from October 1.

QBE prices share purchase plan

Insurer boosts size of offering to $200 million, remains oversubscribed.

Insurers deliver record profits: KPMG

Australian insurers have generated record combined profits, but face big challenges, warns KPMG.

iSelect full-year profit falls 53%

Writedown on expectations of future revenue weighs on comparison website, group still upbeat on market fundamentals.

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