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Insurance

AIG subsidiaries to separate

ALEX DUNNIN  |  TUESDAY, 3 MAR 2009
The record $A157 billion loss reported by AIG in the US and the resultant fourth rescue package from the US Treasury has resulted in the subsidiaries being quarantined into a special purpose vehicle, possibly in preparation for sale through an IPO.

Wide Bay tags Aviva insurance

RUTH LIEW  |  FRIDAY, 20 FEB 2009
Regional banking group Wide Bay Australia has teamed up with Aviva to offer life insurance to its clients.

Allianz pays $500,000 to bushfire sufferers

MICHAEL HOBBS  |  FRIDAY, 13 FEB 2009
Allianz Australia has paid out more than $500,000 to Victoria's bushfire victims and expects the total industry insured damage to reach $1 billion.

Accelerate to improve tele-underwriting

RUTH LIEW  |  THURSDAY, 12 FEB 2009
Tower Australia is looking to upgrade its Accelerate offering in 2009 by fine-tuning its tele-underwriting service to churn out decisions in less than three days.

Master trusts and industry funds drive risk growth

COMPANY RELEASE  |  MONDAY, 9 FEB 2009
Employer master trusts and industry funds will provide more risk insurance over the next 15 years, according to Rice Warner Actuaries research.

Introducing life cycle insurance: REST

RUTH LIEW  |  FRIDAY, 12 DEC 2008
REST Superannuation has revolutionised life insurance in super by introducing a "life cycle" approach to its death cover - breaking away from the traditional fixed cost or "$1 a week" insurance model.

Aviva covers risky jobs

RUTH LIEW  |  THURSDAY, 11 DEC 2008
Aviva has launched a new Income Daily Living product that insures non-working spouses and Australians in high risk occupations.

Climate change takes priority: Zurich

RUTH LIEW  |  FRIDAY, 5 DEC 2008
Climate change should be at the top of insurers' concerns as it directly impacts product premiums and the bottom lines of insurers worldwide, according to Zurich.

IAG ups Malaysian stake

RUTH LIEW  |  WEDNESDAY, 3 DEC 2008
Insurance Australia Group (IAG) has increased its interest in Malaysian joint venture AmAssurance by nearly 15 per cent but is pulling out of the life insurance part of the business.

BT upgrades insurance

MICHAEL HOBBS  |  WEDNESDAY, 3 DEC 2008
BT Financial Group has improved the features of its Westpac Protection Plans and BT Life Protection Plans to provide wider coverage across illnesses.