lawyers weekly logo
Advertisement
Markets
07 November 2025 by Adrian Suljanovic

Macquarie profit rises amid stronger asset management results

Macquarie Group has posted a modest profit rise for the first half, supported by stronger earnings across its asset management and banking divisions
icon

ESG investing proves resilient amid global uncertainty

Despite global ESG adoption dipping slightly from record highs, Asia Pacific investors remain deeply committed to ...

icon

Cboe licence attractive to potential buyers: ASIC

Cboe’s recent success in acquiring a market operation license will make the exchange more attractive to incoming buyers, ...

icon

NAB profit steady as margins tighten and costs rise

The major bank has posted a stable full-year profit as margin pressures and remediation costs offset strong lending and ...

icon

LGT heralds Aussie fixed income 'renaissance'

Despite the RBA’s cash rate hold, the domestic bond market is in good shape compared to its international counterparts, ...

icon

Stonepeak to launch ASX infrastructure debt note

Global alternative investment firm Stonepeak is breaking into Australia with the launch of an ASX-listed infrastructure ...

VIEW ALL

AIA to stay away from large mandates

  •  
By Alice Uribe
  •  
4 minute read

AIA Australia will focus on its claims area, rather than seeking deals with large super funds.

Insurer AIA Australia is not interested in taking on new, large superannuation fund partners because it wants to avoid compromising service for current clients, chief executive Damien Green has said.

Green said although he would not comment on any particular deal, players in the group sector should be wary of putting short-term gains before long-term sustainable business and service when signing large contracts.

"We've seen recent moves in the market where some of our competitors in the group space are very hungry and growth focused and would perhaps put the sustainability of their own business and existing customer relationships at risk in order to be able to take on large new partners, and that's not our focus," he told Investor Weekly.

"We certainly look to grow our partnership base in the group sector, but only when we are confident that we can deliver a premium service outcome to our existing customers."

 
 

In late 2009, AustralianSuper gave Tower Australia a $200 million mandate in annual premiums over three years on behalf of the fund's 1.4 million members.

According to media reports, Tower Australia mangaing director Jim Minto said there would me more large insurance deals coming up for tender in the near future.

However, AIA Australia is putting effort into beefing up its claims area and recently rolled out a new suite of reporting mechanisms to its superannuation fund clients.

"There has to be more open transparency with our key partners," Green said.

"We have a strong commitment to improving our customers' members' claims experiences . claims are the moment of truth, so we're strongly focused on claims."

The insurer would also be looking to employ more staff in its claims area, he said.