St.George Bank supports the insurance industry by offering a specialist Insurance Broker Division with banking solutions tailored to the specific needs of brokers. Senior manager Denise Milton, who has been with St. George’s Insurance Broker division in Sydney for the past ten years, explains:
“St. George Bank holds the insurance industry in high regard and our banking relationship model is similar to that of the broker. They both value the customer relationship above all else.”
St. George currently has over 100 Insurance Broker and underwriters banking with the division as well as strong relationships with NIBA and IBNA.
“We recognised that an Insurance Broker business is quite a standard, trouble-free concern with great cash flows and decided to structure a broking package specifically for the insurance industry.”
The offer includes discounted lending facilities and reduced fees as well as various other special deals.
Following the merger with Wespac in Dec 2009, St. George customers will also have access to Westpac branch networks and products. More branches are planned to be opened giving the bank even wider coverage than before.
St. George has also been proactive in establishing a range of other specialist divisions which offer customised business banking solutions. These include industry specialist divisions which cater to the needs of the legal, accounting and financial services professions as well as the manufacturing and wholesaling sector, property, aged care and hotels.
Freelance Business Writer
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