R&SA changes name ahead of float
TheRoyal & SunAllianceGroup’s Australasian arm has been renamed Promina in preparation for its upcoming float.
The name change forms part of a new brand identity launched to separate the Australian and New Zealand entity from its UK parent.
“The new brand name and identity are designed to reflect our strategy to pursue depth in niche segments of the insurance and financial services markets, as well as developing our core businesses,” Promina managing director and chief executive officer Michael Wilkins says says.
The announcement late last year that the group’s UK parent company would cut ties with the business through a public float followed several failed attempts to sell the Australian and New Zealand operation.
The subsequent restructure also saw a number of executives leave the company, including general manager for sales and marketing Ken Brewer, New Zealand chief executive Alan Bradley, finance director for New Zealand Ivan Hoshek and human resources director for New Zealand Warwick Harvey.
YesterdayNorwich Union Navigatoralso announced it has changed its name to Navigator Australia.
WhileNorwich Union Australiachief executive officer Rob Garnsworthy says the change would not affect the public face of Navigator, the name change represents the first step in rebranding necessitated by the UK parent company’s name change from CGNU to Aviva last year.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
