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AMP Profits Leap 27 Per Cent And Still Interested In AXA Asia Pacific
Craig Dunn, chief executive of Australian wealth manager AMP, the second largest fund manager in the country, says his company continues to be interested in acquiring AXA Asia Pacific Holdings (APH), and is assessing its next move.
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IAG Says Insurance Margins Improved
Australian insurance major, Insurance Australia Group (IAG) revised its guidance, saying it believes full year insurance margins will range between 11.5 per cent to 13 per cent, up from previous guidance which suggested the range would be between 9 per cent to11 per cent.
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Aussie Home Loans Says It Is Poised To Achieve Dominance In Non Bank Mortgage Lending
John Symond, executive chairman of non bank financial Aussie Home Loans, says his company is poised to achieve dominance in the non bank mortgage lending segment, that, despite the fact that it is widely expected that there may be as many as three further interest rate hikes during 2010.
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Six Financial Mistakes To Be Avoided
If you are making one of these six financial mistakes, you probably aren’t aware, but doing so puts your financial security in jeopardy.
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General Insurance Premiums Likely To Rise
Australia’s general insures say they intend to significantly raise premiums this year as they struggle to respond to a rise in the cost of claims that is ravaging the $24 billion industry’s profits.
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Four Ways To Save Big In 2010
So your new year’s resolution is to save big in 2010, and the age old adage of count your penny’s and the pounds will take care of themselves is as true today as when the proverb was first written. However that doesn’t mean to say you should focus entirely on making small savings, there are a number of ways you can really save big and add to your bank balance, making sure that next Christmas won’t be about belt tightening, but belt loosening.
Here are four ways to save big in 2010.
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AXA SA And AMP Sweeten AXA APH Bid
Australian wealth manager, AMP and its partner French insurance giant AXA SA have sweetened their joint acquisition bid for AXA Asia Pacific Holdings to $12.85 billion from an original bid of $11.7 billion.
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AXA APH Talks Up Business Prospects In Effort To Fend Off AMP Bid
Regional insurer AXA Asia Pacific Holdings (APH) says its future is excellent as it seeks to talk up its prospects in an effort to fend off an $11.7 billion joint takeover bid from Australian wealth manager AMP and its French parent AXA SA.
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AXA SA Hopes To Acquire AXA APH “One Day”
Global insurance giant AXA SA, the largest insurer in France, says it hopes that ”one day” it will complete a takeover of AXA Asia Pacific Holdings (APH) as it seeks to increase the footprint and market share of its life insurance business across eight emerging markets.
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CBA Chief Refuses To Rule Out Rate Hikes Beyond Official Increases
Australian banking major, Commonwealth Bank of Australia has said it cannot rule out increasing its interest rates above an increase in official interest rates by the Reserve Bank of Australia.
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