Life Insurer

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Life insurer Zurich to buy life insurance business of Macquarie Group

Life Insurer Macquarie Group has announced that it is entered into an agreement to sell it’s life insurance Business to Zurich Australia Ltd. The transaction is subject to regulatory approvals, however it is expected to be completed in the second half of 2016, and Macquarie Life staff will transfer to Zurich as part of the acquisition. Greg Ward, Head of Macquarie’s Banking and Financial Services Group said: “Macquarie Life is a well performing business and has been recognised by the industry

Changes at Zurich

Head of Commercial Distribution Anthony Pagano and Head of Customer and Product Proposition Nick Cook have decided to leave the insurer, is reporting the high-profile senior managers at Zurich Financial Services have chosen to take redundancy packages under a restructure announced by the company yesterday that will see up to 45 other positions also affected. Zurich has also announced that Colonial First State executive national sales manager, investments, Linda Stangherlin has been recruited to the newly created role of the

Bendigo Bank to offer a bank branded life insurance from AIA

        Life insurer AIA has developed a direct life insurance product that will be distributed by Bendigo Bank. The product will be offered over the next 5 years through branches and online on the banks website. It will carry the Bendigo Bank brand. Bendigo’s previously partnered with The National Mutual Life Association of Australasia Ltd a member of the AMP Group.   Follow Us     Please note Quotesonline Insurance

Changes at TAL Australia’s Largest Life Insurer

  Duncan Boyle TAL Australia The Chair of Australia’s largest Life insurer TAL, Rob Thomas has today announced the appointment of two new directors to the TAL Board. Experienced non-executive director and former insurance executive Duncan Boyle and long-standing Dai-ichi Life group senior executive Norimitsu Kawahara today formally became TAL Board directors. Dai-ichi Life senior executive Tatsusaburo Yamamoto has stepped down as a director to take up a new role in Tokyo within the Dai-ichi Life group. Mr Thomas said: “I welcome both

5 Ways To Save On Your Life Insurance In Australia

  Life insurance premiums are on the rise again and Australians are still under insured. So we look at ways to save on your Life Insurance 1) Stop smoking Smokers can pay double the premium, and the money saved from not buying the cigarettes will pay for your premium. (You will still be considered a smoker for at least 12 months after giving up) 2) Shop around Use or a broker to get quotes from a

Changes at AMP Australia’s Largest Life Insurer

AMP Australia’s largest life insurer has announced that chairman Peter Mason will retire in May after 8 years at the head of the insurers board. He will be replaced by former Macquarie Group executive Simon McKeon. Under Mr Mason’s chairmanship AMP merger with AXA created Australia’s largest life insurer. AMP also annouced that former Aviva excutive Trevor Matthews will join the Board as a non-executive director. Dr Nora Scheinkestel has also announced her intention

Life Insurer Asteron Named sponsor of Super Rugby in Australia

    2014 Asteron Life Super Rugby Life Insurer Asteron has become the Australian sponsor of Super Rugby. Head of Asteron Life, Jordan Hawke, said Asteron Life’s values and strategic goals were naturally aligned with Rugby. “In our business at Asteron Life, we are committed to ‘Celebrating Life’. The opportunity for us to extend this celebration through the Asteron Life Super Rugby season resonated with us,” Mr Hawke said. Australian Rugby Union CEO, Bill Pulver, launched the competition with the coaches, captains

Life Insurer AIA moving to new premises

  Life insurer AIA has leased 7000 square metres over three levels in the iconic 509 St Kilda Road in Melbourne. The lease will give naming rights to AIA, the building previous tenants were fellow life insurers MLC. AIA will relocate from their current HQ on Bourke Street in Docklands AIA were CANSTAR Winners – Outstanding Value Insurance Term Life 2013, CANSTAR Winner- Outstanding Value Insurance Trauma Cover, The

Life Insurer Withdraws Misleading Ads

  Life insurer TAL has withdrawn an advertisement for it funeral insurance following ASIC concerns. ASIC was concerned that in TAL’s advertising of its funeral insurance product: premium increases and stepped premiums were not adequately disclosed or explained; qualifications relating to advertised prices were not sufficiently prominent; and quoted prices were not representative of the imagery used in the advertising, including the age of the actors. ASIC’s view was there was a risk that some consumers may be misled

Life Insurer AIA Identifies Top Health Concerns

 Healthy Living Index Survey Life Insurer AIA has released  results of the Healthy Living Index Survey 2013 which is a first-of-its-kind study of more than 10,000 people across Asia Pacific. Damien Mu AIA Australia’s General Manager Life Insurance explains that Australians identified the following health concerns Cancer (49%) Heart disease (29%) Obesity (29%) Alzheimer’s (27%) Depression (21%) The survey also noted the addition of internet addiction as a raising concern. Australian adults view having a better quality of life, better mental health and not getting sick

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