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Insurance

AIG secures extra A$54bn in liquidity

ALEX DUNNIN  |  FRIDAY, 10 OCT 2008
The future of AIG Life Australia might be assured, but the US government has been forced to extend the lifeline extended to AIG in the US by another A$54 billion.

AIG Australia to be retained

ALEX DUNNIN  |  TUESDAY, 7 OCT 2008
AIG international has advised the market and policyholders that it will be retaining a majority interest in its Asian insurance companies, including its Australian life insurance operation AIG Life Australia.

TOWER buys InsuranceLine

MICHAEL HOBBS  |  FRIDAY, 3 OCT 2008
TOWER Australia ramps up its market share in the direct-to-market life insurance sector after it acquired InsuranceLine, one of the largest direct distributor of life insurance products in the country.

AIG not impacted by bail-out failure

ALEX DUNNIN  |  TUESDAY, 30 SEP 2008
This morning's bail-out failure does not impact AIG, whose funding has already been approved and put in place.

AEGON takes Lehman Bros hit

RUTH LIEW  |  THURSDAY, 25 SEP 2008
AEGON is expecting to suffer losses from its $466 million exposure to Lehman Brothers.

ANZIIF launches website

MICHAEL HOBBS  |  FRIDAY, 19 SEP 2008
The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) is launching a website to encourage young insurance professionals to get involved with industry events and new developments.

AIG Australia insulated from US woes

ALEX DUNNIN  |  WEDNESDAY, 17 SEP 2008
While the US Fed has offered to provide AIG Life $100 billion in liquidity funding, AIG's Australian customers are well insulated from any fall-out.

MLC cuts medical requirements

MICHAEL HOBBS  |  FRIDAY, 12 SEP 2008
MLC is reducing the number of medical examinations and blood tests required by up to 30 per cent across its lump sum insurance products.

AIG takes group insurance online

MICHAEL HOBBS  |  MONDAY, 1 SEP 2008
AIG Life is moving its group insurance service online with eForm, an application process that will reduce administration workload and increase the number of applications that can be instantly approved.

Barclays UK takes life insurance online

MICHAEL HOBBS  |  WEDNESDAY, 20 AUG 2008
UK based Barclays Bank penned a deal with Norwich Union to provide life insurance products for the retail market online, a strategy which contrasts the approach of many Australian insurance firms.