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Life insurance

May

Boeing executive Stan Deal and 777 managing partner Josh Wander in 2022, after signing a deal for Bonza aircraft.

Bonza administrators ask for more time to save stranded budget carrier

The airline’s owner, 777 Partners, and its financiers are mired in legal action in Britain and the United States over its aviation assets.

  • Ayesha de Kretser
AUB boss Mike Emmett.

Allens, G+T tapped for $200m AUB Group acquisition raise

Macquarie Capital’s equity desk hit the phones on Wednesday morning, chasing down fresh equity to fund the insurer’s acquisition of Pacific Indemnity.

  • Sarah Thompson, Kanika Sood, e and Emma Rapaport
TAL executive Jade Rosocha is ar frequent user of Microsoft Copilot.

Why this executive uses generative AI every second hour

Microsoft says workers who use AI can be divided into four camps: sceptics, novices, explorers and power users, who get back more than 30 minutes a day in time saved.

  • Euan Black

April

Long-standing ClearView MD Simon Swanson stepped down 12-months ago.

Allianz checks out Crescent’s ClearView; BofA at the wheel

Street Talk’s eagle eyes have spotted a major player lurking in ClearView’s data room. 

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Assistant Treasurer and Minister for Financial Services, Stephen Jones says wording in the legislation that would have turned off commissions for insurance brokers was an error.

Labor scrambles after accidentally axing insurance commissions

A wording error in financial advice reforms tabled to Parliament last week would have inadvertently banned commissions for insurance brokers.

  • Hannah Wootton and Lucy Dean
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Former Cromwell Property Group chief executive Paul Weightman has been accused of a corporate raid.

This Australian executive is taking on a US private investment giant

As chairman of Cromwell Property Group, Paul Weightman saw plenty of corporate jousting. Now the Corinthia Global Management founder is staring down Barings.

  • Primrose Riordan

March

AFR

There are good reasons to have insurance in an SMSF

An SMSF is allowed to claim a tax deduction for insurance premiums.

  • Meg Heffron
PSC Insurance bossTony Robinson,

PSC Insurance rides sector growth as Goldman fields inbound interest

PSC boss Tony Robinson and his Paul Dwyer-chaired board are seeking a price tag of about $2.3 billion as at least two offshore brokers circle.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

February

Hunter Premium Funding was founded in 1977.

Allianz calls time at Hunter Premium Funding; hires sell-side adviser

Hunter, which traces its history back to 1977, helps large businesses split hefty bills for insurance premiums into smaller instalments.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

December 2023

Michelle Levy says financial advice will be far more accessible now Labor is enacting her recommendations for reform.

Super funds, insurers line up to get into financial advice game

Michelle Levy, whose review into financial advice led to many of the proposed new laws, said the changes would go “a long way” to making advice cheaper and more accessible.

  • Hannah Wootton
Some business leaders say decisions made using AI could be hard to justify in an inquiry or court.

Why execs don’t trust AI with big decisions yet

A year after the launch of ChatGPT, businesses dabbling with generative AI aren’t convinced the technology would hold up under the intense scrutiny of a senate inquiry or lawsuit.

  • Tess Bennett

November 2023

Janus Henderson’s Daniel Grana.

Opportunities exist in China but ‘tread carefully’: Janus Henderson

Portfolio manager Daniel Grana says some Chinese stocks are still good value, but warns investors dipping into emerging markets to consider the policy objectives of the ruling party.

  • Updated
  • Joanne Tran
Paradice Investment Management’s Julia Weng.

Fund managers buy up insurers amid slowdown fears

Worried about the fallout from higher interest rates, investors including Airlie, Paradice and Ophir are favouring insurers over the big four banks.

  • Joanne Tran
Former truck driver Christian Jensen had to apply for two hardship variations on his mortgage thanks to delays from his super fund.

‘Financial heartbreak’: Customer complaints about super jump 32pc

Former truck driver Christian Jensen had to apply for two hardship variations on his mortgage due to delays from his super fund.

  • Hannah Wootton and Lucy Dean

September 2023

AZ NGA was founded by Paul Barrett, who is now the company’s chief executive.

TA Associates closes in on financial planner roll-up AZ NGA

It looks like AZ NGA has done some soul-searching since then, and is ready to meet TA Associates at a mutually agreeable price.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
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August 2023

Michael Kelly, CEO and founder of Fineos.

Fineos raises $40m to fortify balance sheet; MacCap, Moelis on ticket

Insurance software player Fineos had its brokers sounding fund managers for an equity raising on Tuesday in a bid to beef up its cash buffers.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Stephen Jones is under pressure from insurers to reform financial advice laws.

Labor inaction leaves customers wasting money on insurance

The delays by Stephen Jones are leaving Australians stranded in unnecessarily expensive life insurance products or without cover they need, industry warns.

  • Hannah Wootton

July 2023

Brookfield has emerged as the world’s most acquisitive investment firm this year as the biggest private equity funds slow down amid a dearth of financing.

American Equity accepts $6.5b Brookfield takeover bid

The deal for the US annuity provider boosts Brookfield Reinsurance’s assets under management to around $US100 billion.

  • Dinesh Nair

May 2023

When the tax on your life insurance payout could hit 32pc

Where a super death benefit is paid, you need to be aware some of this could be taxed at a higher rate if your dependants are your adult children.

  • John Wasiliev
AMP has been fined $24 million for charging dead clients fees.

AMP fined $24m for charging dead clients in watchdog crackdown

And in a separate case, MLC Life was fined $10 million for failing to pay injured and disabled customers for treatment programs they had promised to cover.

  • Hannah Wootton

Original URL: https://www.afr.com/topic/life-insurance-how