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Insurance

Zurich taps small business owners insurance

ELISE BURGESS  |  TUESDAY, 1 MAR 2011
Zurich Financial Services Australia (Zurich) has upgraded its life insurance products, with some of the key features designed to appeal to the small business owners (SBO) market.

PC recommends social insurance shake-up

ALEX DUNNIN  |  TUESDAY, 1 MAR 2011
The Productivity Commission has defied its critics and recommended Australia establish twin social no-fault insurance schemes in what is potentially the biggest recasting of the nation's health, welfare and insurance sectors in decades.

TOWER, CommInsure tie as top insurers

ELISE BURGESS  |  THURSDAY, 24 FEB 2011
TOWER Australia and CommInsure both named Life Company of the Year in the Association of Financial Advisers (AFA) and Plan for Life awards held yesterday.

Virgin Money launches direct life insurance product

ALEX DUNNIN  |  WEDNESDAY, 16 FEB 2011
Virgin Money has launched a directly available life insurance product, underpinned by TOWER Australia.

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.