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Insurance

Suncorp re-names wealth division

COMPANY RELEASE  |  THURSDAY, 25 JUN 2009
Suncorp has renamed the group's wealth management business to Suncorp Life.

AIA arises from AIG

ALEX DUNNIN  |  WEDNESDAY, 24 JUN 2009
AIA has today become the new name and brand for AIG Life in Australia as the group takes another step towards becoming a fully independent Asian-based insurance giant.

NAB/Aviva deal fuels insurance shake-up

RUTH LIEW  |  MONDAY, 22 JUN 2009
The combined entity of NAB/MLC and Aviva's insurance arm will create a life insurance provider with the largest total risk premium inflows and one that claims a 15.5 per cent share of the market - usurping CommInsure's top spot in the category.

AGEST Super upgrades insurance

MICHAEL HOBBS  |  MONDAY, 22 JUN 2009
AGEST Super has improved the fund's insurance arrangement to members.

AIG Life takes education online

COMPANY RELEASE  |  WEDNESDAY, 10 JUN 2009
AIG Life has launched the firm's online Insurance Education Centre for group life insurance clients.

Insurance needs more disclosure

MICHAEL HOBBS  |  FRIDAY, 5 JUN 2009
The insurance industry can help address underinsurance by moving faster towards simplified disclosure, with fees and commissions displayed prominently in Product Disclosure Statements (PDS).

Finsuper members flock to new insurance

MICHAEL HOBBS  |  THURSDAY, 4 JUN 2009
More than 350 Finsuper Division members, a division within AustralianSuper that caters for financial services workers, have taken up the fund's new insurance offer in the 10 days since it launched.

Insurance broker caught for fraud

ASIC RELEASE  |  MONDAY, 1 JUN 2009
Consumers, be warned. ASIC has caught one insurance broker selling insurance products but not passing on the fees to the insurer, which meant his clients didn't get the appropriate insurance cover.

TOWER profit down, life business up

COMPANY RELEASE  |  THURSDAY, 28 MAY 2009
TOWER Australia posted a 12 per cent fall in net profit after tax to just over $27 million in the firm's first half results, while new individual life sales continue to increase.

AIG Hong Kong begins rebrand strategy

ALEX DUNNIN  |  THURSDAY, 28 MAY 2009
American International Assurance Company (AIA Group) in Hong Kong is beginning its long awaited rebrand strategy, a move expected to involve subsidiaries across the region.