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| | | Asset super's board have awarded their insurance mandate to MLC, in a move away from their current manager, Tower Life. The move, which will also usher in increased cover being offered to members as high as 50 per cent above their current insurance ... |
| | | | Tower Australia looks set to outsource the management of its multi-manager product following a board meeting in early July, and industry sources believe Russell Investment Group is already the clear frontrunner for the contract. Tower revealed last ... |
| | | | ... index was 14 points weaker at 5019. On the day David Jones will release its third quarter sales, while investment business Tower will reveal first half earnings. On the economics front the Australian Bureau of Statistics release March quarter house price ... |
| | | | S&P has upgraded PrefSure Life's rating to BBB+, on par with new parent TOWER's rating. TOWER acquired PrefSure Life on 31 March 2006 and S&P declared a "positive outlook" on PrefSure Life, noting the merger would provide synergies to the two entities ... |
| | | | TOWER has appointed current board director Dr Keith Barton as chairman ahead of current chair Olaf O'Duill's retirement on 30 June. The announcement follows the recent re-organisation of the company due to the Prefsure merger early this year. Dr Barton ... |
| | | | Insurance giant TOWER Australia kicks off its merger with PrefSure by re-jigging management, releasing a new product range and, in an ambitious move, rolling out more than 30 changes to its combined insurance suite. TOWER bought PrefSure Holdings early ... |
| | | | ... personal finance products such as home loans, car insurance and travel insurance. As previously reported in Financial Standard, Tower Group's chief executive Jim Minto opined that the financial services sector need to find new ways to reach consumers ... |
| | | | ... strategy for couples. Asset's general manager, John Paul, said the group's insurance outsourcing contract, currently with TOWER Australia, is up for renewal on 1 July. The tender submission closed early this month with the board expecting to choose their ... |
| | | | S&P ratings services (S&P) have reacted to yesterday's announcement that TOWER group (TOWER) has bought PrefSure Life Ltd (PrefSure) to shore up and grow their master trust and life insurance business. S&P have left TOWER's ratings unchanged for now ... |
| | | | TOWER have bought out PrefSure Holdings and Life Limited (PrefSure) from South African group, Liberty, for $145 million as they push their strategic growth towards life insurance for master trusts. TOWER managing director, Jim Minto, said that the key ... |
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