In Australia, Nippon and Resolution will bring ... up to $150m contingent tier two capital support to the joint MLC Life Insurance and Resolution Life Australasia business “if required”.

In Australia, it’s a countercyclical bet. Only $300 million of new life insurance policies are being written every year – about one-quarter what it was five years ago – by the likes of MLC ...

The Australian banking group National Australia Bank Limited (NAB) has entered into an agreement to sell the remaining 20% of MLC Life Insurance shares to the Japanese insurance company Nippon Life ...

Post-acquisition, Nissay plans to integrate MLC with Resolution Life Australia Limited to bolster its presence in the Australian life insurance market. Despite potential moderate erosion of risk ...

Acenda, which has operated for over 130 years and recently rebranded from MLC Life Insurance, has introduced a digital ...

MLC Life Insurance appointed its Chief Risk Officer Jane McGovern as chief customer and strategy officer. McGovern joined MLC Life Insurance in 2022 as risk chief. Prior to this, she was the chief ...

Its CET1 ratio is expected to rise once it concludes the sale of its stake in MLC Life Insurance. National Australia Bank’s (NAB) credit losses are anticipated to remain low over the next two ...

The MLC brand of life insurance in Australia will disappear after 130 years and a new one with almost two million customers will enter the local market as Japanese players chase profitable sectors.