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Insurance

MLC to drop Aviva insurance brand

MICHELLE BALTAZAR  |  MONDAY, 12 JUL 2010
In line with the terms of the sale of the Aviva insurance business and platform to NAB last year, the bank's insurance arm MLC will rename the acquired business' popular insurance product Aviva Protectionfirst to MLC Protectionfirst, effective October ...

AMP trains staff on insurance services

COMPANY RELEASE  |  THURSDAY, 8 JUL 2010
AMP has unveiled a new training program to boost staff expertise in life insurance - a move that is expected to help AMP better service financial planners.

CommInsure completes business restructure, appoints two GMs

MICHELLE BALTAZAR  |  THURSDAY, 8 JUL 2010
CommInsure has finalised the restructure of its insurance operations into five distinct lines of business - a radical departure from its previous model - when it appointed one of its senior staff, Claire Roberts to general manager in wholesale life ...

Ban insurance commissions in super: Cooper

RUTH LIEW  |  MONDAY, 5 JUL 2010
Commissions should be banned on all insurance products in super, including group risk and personal insurance, according to the Cooper Review's final report.

Telstra boosts insurance portability

COMPANY RELEASE  |  FRIDAY, 2 JUL 2010
Australia's largest corporate super fund, Telstra Super has improved its insurance to include the ability to transfer externally held death and TPD cover to the fund, matched by group cover rates.

OneCare upgrades benefit more workers

MICHAEL HOBBS  |  THURSDAY, 1 JUL 2010
ING Australia has introduced a suite of improvements to its OneCare risk products by broadening the number of occupations that qualify for income protection and providing more relief for medical workers.

AXA ramps up insurance for 115,000 clients

RUTH LIEW  |  MONDAY, 28 JUN 2010
An extra 115,000 financial planner clients who use AXA insurance will be able to tap improved cover, following upgrades to the firm's financial protection products.

AXA sells UK life and savings business

MICHAEL HOBBS  |  FRIDAY, 25 JUN 2010
UK insurance investor, Resolution Limited, has bought AXA's UK life risk business for $4.7 billion.

Broking firms back Suncorp update

MICHAEL HOBBS  |  THURSDAY, 24 JUN 2010
Stock research arms of Citi and Goldman Sachs JBWere give a thumbs up to Suncorp's new strategy to distribute risk insurance products directly through GIO, AAMI and APIA while continuing to develop its financial advice channel business.

Aviva, AMP and CommInsure top insurance

RUTH LIEW  |  TUESDAY, 22 JUN 2010
Aviva has been named the overall leader in the life insurance sector, with AMP and CommInsure following close behind, new research from Investment Trends show.