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Insurance

BT earnings up despite floods

MATT WOODINGTON  |  TUESDAY, 15 FEB 2011
BT Financial Group saw revenues and earnings rise in the first quarter of 2011 despite an increase in insurance payouts brought on by the recent floods, which have so far cost Westpac $50 million.

BT Financial expands into insurance

ELISE BURGESS  |  MONDAY, 14 FEB 2011
BT Financial Group hopes to replicate its success in the superannuation market when it launched BT Super of Life with the launch of a range of insurance products under its new brand, BT Insurance.

Commission ban to widen underinsurance gap: survey

MICHELLE BALTAZAR  |  FRIDAY, 11 FEB 2011
Six in ten Australians are less likely to seek risk advice if they have to pay fees upfront rather than through commission paid to their financial adviser, a consumer survey found.

Trustees told to rethink ins cover strategies

ELISE BURGESS  |  THURSDAY, 3 FEB 2011
Super fund trustees warned to rethink cover strategies in light of the Australian Taxation Office (ATO) ruling regarding premiums paid by funds for insurance policies providing total and permanent disability (TPD) cover.

Zurich poaches IUS Life team

MICHELLE BALTAZAR  |  MONDAY, 31 JAN 2011
For three years, Zurich's Group Risk business in Australia has stayed relatively below the radar. That could soon change after the insurer scored a hiring coup - successfully recruiting the key team of rival IUS Life, including general manager, Phil ...

AIG sells Nan Shan stake

MEDIA RELEASE  |  TUESDAY, 25 JAN 2011
American International Group (AIG) continues on with its divestments and is selling its majority stake in Nan Shan Life Insurance Company to Taiwanese group Ruen Chen Investment Holdings.

AXA elevates RACV for advisers

ELISE BURGESS  |  TUESDAY, 25 JAN 2011
AXA Australia's latest coup is an exclusive deal with car insurer Royal Automotive Club of Victoria (RACV), which gives advisers another channel to reach a broader client base.

New beginnings at Tower

JOHN MCDULING  |  MONDAY, 17 JAN 2011
Dai-ichi Life's holiday takeover bid for Tower Australia will fundamentally reshape the insurance sector, top analysts say

Insurer members adopt FSC flood model

ELISE BURGESS  |  MONDAY, 17 JAN 2011
The Financial Services Council (FSC) has released a model for assisting dealer groups and financial planners affected by the QLD flood crisis - and the same model is being adopted by its insurer members.

Tower wins First State Super, ousts MetLife

RUTH LIEW  |  TUESDAY, 30 NOV 2010
Third-ranked group insurer Tower Australia is nipping at the heels of top two rivals AIA and ING, now called OnePath, after signing a landmark deal with the $20 billion First State Super.