December 18, 2017
December 18, 2017 | Adviser News
Strengthening our commitment to financial advice: Zurich to become #1 retail life insurer
As you may be aware, last week Zurich entered into an agreement to acquire the OnePath life and consumer credit insurance business (OnePath Life) from ANZ.
The transaction, which is subject to regulatory and other approvals, will see Zurich meeting the protection needs of more than 1.5 million customers, and becoming Australia's largest retail life insurer as measured by inforce premium.
Importantly it sees two brands together who share a long heritage in the Australian market and a genuine commitment to innovation, value for money and service excellence.
Both the OnePath brand and OneCare range remain core to our plans, as does our own Wealth Protection offering.
The deal will also see Zurich secure a strong position in the Australian group life segment.
Notwithstanding this exciting announcement, our focus on maintaining exceptional levels of service to you and your customers remains unwavering. We will continue to bring you product and service solutions and business support, acknowledged as being amongst the best in the market, and look forward to continuing our partnership throughout 2018.
You can read the full details of our announcement here.
More information is also available from your Zurich BDM, as well as on the Zurich website.