Articles tagged with 'Resolution Life'
Resolution Life swallowed up by Nippon Life; What does it mean for the Asteron sale?
11 December 2024 - Japanese-based Nippon Life is planning to acquire Resolution Life which includes the Australasian operations. What does this mean for Asteron Life?
It'll be different this time; Asteron boss on Resolution deal
11 April 2024 - Asteron Life executive general manager Grant Willis is confident Resolution Life has learnt lessons from its purchase of AMP Life and won't repeat them again.
AMP Life exits life insurance for good
5 November 2021 - AMP will sell its remaining interest in Resolution Life Australasia for AU$524 million, completely severing its ties to life insurance after more than 100 years in the business.
BNZ Life up for sale, according to Australian reports
23 October 2020 - A report in The Australian Financial Review has stated that National Australia Bank (the parent company of BNZ) is selling its life insurance company, BNZ Life.
Sale of AMP Life an absolute travesty
3 July 2020 - Parliament’s Finance and Expenditure Committee has been told that the way the sale of AMP Life has been handled is an “absolute travesty”.
AMP Life deal is done
1 July 2020 - AMP Limited says it has completed the sale of its life insurance business, AMP Life, to Resolution Life for A$3 billion (NZ$3.19 billion).
AMP Life rating affirmed after sale
30 June 2020 - S&P Global Ratings has affirmed its A- rating on AMP Life after completion of its sale to Resolution Life Group Holdings Ltd.
Regulatory change needed, or halt to AMP Life sale, policyholder says
29 June 2020 - An AMP Life policyholder says the sale to Resolution Life should be stopped if regulation cannot be changed to provide more protection for its customers.
All clear for AMP Life sale
23 June 2020 - AMP says the sale of AMP Life to Resolution Life has received all regulatory approvals, however the Reserve Bank has added a number of conditions on the sale.
RBNZ can't say if or when it may approve AMP Life sale
19 March 2020 - The Reserve Bank said it won't approve AMP Life's sale of its New Zealand life insurance business if it is "not comfortable" with it and said it can't provide a time frame for a decision.
[The Wrap] Regulators need to be wary of AMP Life deal
21 February 2020 - One of the biggest deals in New Zealand’s financial services industry is going on largely unnoticed at the moment; arguably because there is so much other change going on at present. It’s time the spotlight was put on the deal.
Lapse rates up; profit down at AMP Life
17 February 2020 - AMP Life’s profit has halved in the 12 months to December 31.
AMP revises Resolution Life deal, further plans to spin off NZ wealth business
8 August 2019 - AMP says it will “further localise” its New Zealand wealth management business, including AdviceFirst, and explore divestment to realise its value.
(The Wrap] The anatomy of the AMP shambles
20 July 2019 - Last week it was more woes for ANZ, this week AMP's New Zealand exit plans fell into further disarray.
RBNZ says no change in approach on Resolution Life's AMP purchase
19 July 2019 - The Reserve Bank says it hasn’t changed its approach to applications for changes of ownership of life insurance companies and nor has there been any change in New Zealand insurance law or regulations since October 2018.