Metlife

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Coles Life Insurance

New competitor in Australian Life Insurance market Coles has joined their competitor Woolworths (WOW ASX) in the life insurance market. The Coles product rolled out in June is backed by Wesfarmers (WES ASX) Insurance and Metlife (MET NYSE). They are offering Life Insurance with stepped or level premiums,  discount for flybuy members and the chance to earn extra flybuys

Life Insurers Profit Drops by 25%

The latest Life Insurance performance statistics release by the Australian Prudential Regulation Authority (APRA) shows a decline in profit despite an increase in revenue. For the twelve months to 30 September 2013  the industry net profit after tax was $2.2 billion, a decrease of 26.5 per cent from the previous year’s profit of $3.1 billion.The September 2013 quarter profit was $441 million compared with the June 2013 quarter profit of $391 million(representing a 12.8 per cent increase) and

Asian Insurance Giant Up For Grabs

ING’s Asian life insurance arm is up for grabs in one of the fastest growing insurance markets in the world. Some of the largest and most competitive Insurance companies are preparing for what is expected to be a highly sought after bidding war involving billions of dollars. Dutch owned company ING Groep NV is the largest financial services company and it is rumoured to be seeking up to $7 billion for the sale. The extent

Life Insurer Metlife name new Managing Director

Australian Life Insurer MetLife Insurance Limited (MetLife) has announced that Marc Lieberman has been appointed Managing Director and CEO of MetLife Insurance Limited in Australia, effective immediately. Free Life Insurance Quotes Please note Quotesonline Insurance News is an information service provided by third parties Insure 247 Australia doesn’t warrants the accuracy of any information contained there in, readers should

Life Insurer Metlife Appoints Marc Lieberman as CEO

Former ING New Zealand CEO Marc Lieberman has been appointed CEO and Managing Director of Life Insurer Metlife Insurance Australia, the position was previuosly held by Tassin Barnard. Free Life Insurance Quotes Please note Quotesonline Insurance News is an information service provided by third parties Insure 247 Australia doesn’t warrants the accuracy of any information contained there

Life Insurance Online

Life Insurer Metlife Annouces changes to Asia Pacific Leadership Team

  MetLife, Inc. (NYSE: MET) announced today a new appointment to its senior leadership team in Asia Pacific through the selection of Peter Smyth as regional managing director of Asia Pacific for MetLife’s International business.  In this role, Mr. Smyth will have responsibility for MetLife’s operations in Australia, China, Hong Kong and Taiwan as well as oversight for direct marketing, bank distribution partnerships and other distribution relationships in the Asia Pacific

Life Insurer MetLife wins tender for Prime Super Insurance Contract

  Life insurer Metlife has emerged from a competitive tender process to remain the Life Insurance provider for Prime Super, this continues a 14 year partnership. Prime Super’s CEO Lachlan Baird has said he expects members to benefit from increases in death and total permanent disability (TPD) benefits and a 40 per cent increase in income protection cover. Please note Quotesonline Insurance News is an information service provided by third parties Insure

Growth in Direct and online Life Insurance

Financial ratings firm Cannex has release figures showing more Australians are choosing direct life insurance through insurance companies rather than dealing with financial planners, more insurers are going to the market with direct products which in many cases don’t require medicals or advice. Cannex has released in first direct life insurance star ratings comparing policies from 17 life insurers, with Metlife and Allianz scoring the

Total Assets of Life Insurers decrease by 2.3 per cent

According to the Latest APRA quarterly performance reports release this month, the total assests of the Australian life insurance industry drop by 2.3% to $231.9 billion from $237 billion in June The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the Australian financial services industry. This is the current list of Registered Life Insurance Companies Allianz Australia Life Insurance Limited, American International Assurance Company (Australia) Limited

ING Australia hires former Tower senior executive

ING Australia has recruited Gavin Pearce, previously the chief executive of the Non-Core Australian Investment arm of Tower, as its new executive director of Life Risk. Pearce replaces Helen Troup, who was promoted to chief executive officer of ING New Zealand. Besides working at Tower, Pearce was previously managing director and chief financial officer of AMP General Insurance Limited, chief executive officer of GIO Australia Holdings Limited and managing director of Metlife Insurance.   Arrange an Insurance Quote Here

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