Friday, January 19, 2018

Australia

Majority of Australians regard insurance purchase as investment

Majority of Australians regard insurance purchase as investment

Findings from a survey commissioned by Australian insurer Budget Direct.

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Australia’s Honan Insurance acquires Singapore’s MACS

Australia’s Honan Insurance acquires Singapore’s MACS

General Insurance and Employee Benefits broker in South East Asia acquired for an undisclosed amount.

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Job cuts loom after Allianz Australia takes over TIO

Job cuts loom after Allianz Australia takes over TIO

The sale of TIO’s insurance arm to Allianz was approved by the Australian parliament.

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Berkshire Hathaway names Australasia insurance head

Berkshire Hathaway names Australasia insurance head

Chris Colahan joins BHSI from RSA Insurance Group.

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Compensation scheme for poor financial advice gets support in Australia

Compensation scheme for poor financial advice gets support in Australia

Draft legislation will provide compensation for customers found to be financially damaged by poor advice.

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Annuity recommendations getting popular among Australian planners

Annuity recommendations getting popular among Australian planners

Annuities had continued to increase over the last three years in response to client concerns such as longevity risk.

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