MLC wont exercise option for Professional Investment Service

  • by The Quotesonline Team

Life Insurer MLC has annouced it will not take up an option to purchase 23% of  financial planning and risk insurance group Professional Investment Service, the options was part of the NAB’s purchase of insurer Aviva .

“MLC will not exercise its option to acquire a minority stake in PIH,” said Richard Nunn, an executive general manager of MLC

Life insurance quotes

Please note Quotesonline Insurance News is an information service provided by third parties Insure 247 Australia doesn’t warrants the accuracy of any information contained there in, readers should make their own enquiry’s before relying on information in the stories Terms of Service