TAL and Suncorp acquisition complete

TAL/Tal-Dai-Ichi-Life-Australia/Suncorp/brett-clark/Acquisitions/insurance/life/risk/

28 February 2019
| By Hannah Wootton |
image
image
expand image

TAL Dai-Chi Life Australia has finally finished its acquisition of Suncorp’s Australian life insurance business, announcing this afternoon that the process was complete.

“The integration of Suncorp’s Australian life business will commence immediately, and we are confident that the team will deliver an efficient transition, alongside strong business performance, and customer and partner outcomes during the integration period,” TAL Group chief executive and managing director, Brett Clark, said when announcing the acquisition was complete.

“We are very excited to bring the TAL and Suncorp life businesses together. This acquisition provides us with a strong base for continued growth and reflects our ongoing commitment to offering Australians a range of life insurance options to meet their diverse needs,” he said.

The acquisition would see TAL acquire not just the Suncorp brand, but also brands such as AAMI, APIA and GIO.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 2 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 3 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

1 week 5 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

2 weeks 3 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND