Tower Australia expands group insurance presence
|
Tower Australia has appointed Paul Rohan as the head of the AustralianSuper Insurance Account as the company looks to establish a group insurance presence in Melbourne.
Rohan has previously held senior roles in industry funds, master trusts and consulting forms and most recently worked at IOOF Group Insurance. He will be working to bring the new insurance arrangement to fund members, the company said.
Recognising the size of the AustralianSuper account, Tower has sought to establish a dedicated Melbourne-based business unit to support the relationship under Rohan’s management, the company said.
Andrew Bolderman, head of group life for Tower, said Rohan’s strong operations management experience would add value to both Tower and AustralianSuper.
Recommended for you
Policy and advocacy specialist Benjamin Marshan has left the Council of Australian Life Insurers after less than a year, having joined in March from the Financial Planning Association of Australia.
The declining volume of risk advisers meant KPMG has found a rising lapse rate for insurance policies arranged by independent financial advisers, particularly in the TPD and death cover space.
The Life Insurance Code of Practice has transferred from the Financial Services Council to the Council of Australian Life Insurers.
The firm has announced it will no longer be writing new life insurance policies in the retail advised and corporate group insurance channels, citing a declining market and risk adviser numbers.