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Insurance

Prudential halts AIA talks

MICHAEL HOBBS  |  WEDNESDAY, 2 JUN 2010
Insurance giant Prudential is backing away from negotiations to buy AIG's Asian business AIA, a move that could cost Prudential more than AU$790 million, including a hefty AU$260 million break fee.

Zurich doubles death and TPD business

COMPANY RELEASE  |  WEDNESDAY, 2 JUN 2010
Zurich Financial Services Australia has doubled its death and total and permanent disability (TPD) business in a year.

TOWER inforce premiums rise 33pc

MICHAEL HOBBS  |  THURSDAY, 27 MAY 2010
TOWER Australia's inforce premium has grown 33 per cent to $946 million, with AustralianSuper's inforce premium representing $110 million at the end of March.

Discounted life cover at Asteron

COMPANY RELEASE  |  MONDAY, 24 MAY 2010
Everyone loves a discount - so planners looking to boost their clients' life cover can now ask them to look at Asteron, which is offering premium reductions under a new policy that rewards "good health".

Macquarie Life releases flexible insurance

MICHAEL HOBBS  |  TUESDAY, 18 MAY 2010
Macquarie Life has launched an insurance product that allows clients to make multiple claims under the same policy and provides greater flexibility on the definitions of conditions.

New insurance benchmarks on the cards

RUTH LIEW  |  TUESDAY, 11 MAY 2010
The insurance industry could soon face a price shake-up as the Institute of Actuaries of Australia gears up to launch a new set of life tables aimed at providing price benchmarks to insurers.

Macq Life upgrades risk products

PRESS RELEASE  |  TUESDAY, 11 MAY 2010
Macquarie Life has improved the total and permanent disability (TPD) and disability income insurance features of its FutureWise and Super Protector risk products.

Investment managers gain fraud insurance

MICHAEL HOBBS  |  FRIDAY, 7 MAY 2010
Investment managers can insure against rogue traders or internal fraudsters after a local firm launched its suite of insurance of products for financial services providers.

AMP upgrades insurance

PRESS RELEASE  |  WEDNESDAY, 5 MAY 2010
AMP has enhanced its risk insurance by launching a number of services to assist adviser with the underwriting process and also improving its trauma product.

MLC launches high income protection

MICHELLE BALTAZAR  |  FRIDAY, 30 APR 2010
MLC raises the stakes in income protection with its new product designed for high income earners, offering financial planners the choice to give their HNW clients as much as double the industry standard in monthly benefits.