Update on claim against insurers
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| Stock | AMP Ltd (AMP.ASX) |
|---|---|
| Release Time | 15 Sep 2025, 9:14 a.m. |
| Price Sensitive | Yes |
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AMP Reaches Settlements on Remediation Claims
Key Points
- AMP has reached agreements to settle with some insurers over legal proceedings
- Proceeds of ~$44 million have been received so far
- AMP remains in discussions with other insurers following a hearing in August 2025
Full Summary
AMP Ltd has announced that it has reached agreements to settle with some insurers the legal proceedings brought by AMP for amounts incurred in historical remediation programs which concluded in 2022. AMP sought recovery under its insurance policy of compensation and costs arising out of these historical remediation programs. To date, proceeds totalling approximately $44 million have been received by AMP. AMP remains in discussions with a number of other insurers in relation to these proceedings, following a hearing in August 2025.
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